‘I Never Condemned FG’s Borrowing’ – Speaker Abbas He said debt can support growth if managed prudently with oversight and transparency. His office stressed Nigeria met 2025 revenue targets without reliance on new loans. The Speaker of the House of Representatives, Tajudeen Abbas, has refuted reports claiming he condemned the Federal Government’s borrowing, insisting that … Read more
Nigeria’s total public debt rose to 28.62 trillion naira ($79.5 billion) as of March, up 15% from a year earlier, the Debt Management Office (DMO) said on Friday. Africa’s largest economy has been racking up debt to fund infrastructure projects and boost a sluggish economy now projected to fall into recession following the impact of … Read more
The presidency on Sunday enjoined those castigating the federal government for taking more loans to refrain from doing so. It asserted that there was nothing wrong in taking loans as the borrowings were aimed at financing specific project and critical aspects of the economy. Presidential spokesman Femi Adesina made the assertion when he featured on … Read more