Nigeria’s debt rises to N38 trillion as Buhari borrows additional N250 billion President Muhammadu Buhari’s regime says it is seeking to borrow an additional N250 billion through the Sukuk bond as Nigeria’s debt burden rises to N38 trillion. Specifically, the Debt Management Office (DMO) announced in a statement on its website the regime had offered … [Read more…]
Senate, yesterday, approved President Muhammadu Buhari’s request for ongoing external loans to the tune of $8,325,526,537 and €490,000,000 under the 2018-2020 External Borrowing (Rolling) Plan. The approval followed the consideration of a report on the 2018 to 2020 External Borrowing (Rolling) Plan by the Committee on Local and Foreign Debt. Chairman of … [Read more…]
Members of the minority caucus in the House of Representatives, on Thursday, declined to participate in the consideration and adoption of the report by the Committee on Aids, Loans and Debt Management chaired by Ahmed Safana. The report was on the external borrowing plan of the Federal Government to fund the 2021 budget, … [Read more…]