In spite of persistent agitations in some quarters against the frequent borrowing by the current administration… The Federal Government has disclosed plans to finance the proposed 2022 budget deficit pegged at ₦6.258 trillion through fresh borrowings. Minister of Finance, Budget and National Planning, Zainab Ahmed, disclosed this during a press conference after the Federal Executive … Read more
Buhari had a few days ago written to the National Assembly to approve another $4 billion and €710 million external loans Minister of Information and Culture, Lai Mohammed, has insisted that the present administration under President Muhammadu Buhari is borrowing to build world-class infrastructure that will benefit generations of Nigerians. The minister spoke in Borno … Read more
The PDP insisted that the debts hanging on the people “are for nebulous projects whose scopes, utilities, locations and contractors are largely vague”. The Peoples Democratic Party (PDP) has declared that President Muhammadu Buhari and the All Progressives Congress (APC) administration are selling Nigeria. The party is enraged by the “further mortgage” of the country … Read more
President Buhari has written a letter to the National Assembly for the approval of fresh external loans. EKOHOTBLOG reports that President Muhammadu Buhari has requested the National Assembly to approve $4,054,476,863 and €710 million loans President Buhari is also seeking the National Assembly’s approval for grant components of $125 million in the 2018-2020 external rolling borrowing … Read more