President Bola Tinubu has submitted a request to the National Assembly for approval of a fresh external borrowing plan amounting to ₦1.767 trillion. The loan is intended to partially bridge the ₦9.7 trillion budget deficit in the 2024 appropriation act. The Speaker of the House of Representatives read the president’s request during Tuesday’s plenary. If … Read more
Nigeria’s debt to the World Bank’s International Development Association (IDA) rose to $17.1 billion as of September 30, 2024. According to the World Bank’s financial statements for the fiscal year ending September 2024, this marks a $600 million increase from the $16.5 billion recorded in June 2024. With this figure, Nigeria remains the third-largest debtor … Read more
Eko Hot Blog reports that the Debt Management Office (DMO), on Wednesday, announced that the total public debt of Nigeria had increased to N89.71 trillion at the end of the third quarter of 2023. The figure represents a marginal increase of 0.61 percent compared to N87.38 trillion recorded at the end of June 2023. The … Read more
Reno Omokri former new media aide to ex-President Goodluck Jonathan who is known for criticizing Buhari’s administration is at it again. This time, Reno has called out H.E Muhammadu Buhari to explain how he spent all the money Goodluck Jonathan left in the F/G’s account. Speaking via his official Twitter handle on Thursday, he further … Read more