Borrowing

The Debt Management Office, DMO, has warned the Federal Government against additional borrowing, saying 73.5 per cent of revenue generated this year will be used to service debt. …
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Socio-Economic Rights and Accountability Project (SERAP) has urged President Muhammadu Buhari to “issue an immediate moratorium on borrowing by the Federal Government and the 36 states…
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President of the Senate, Ahmad Lawan, has said that for the deficit in the country’s budget to be drastically reduced, concerted effort must be made by the Executive and Legislature to…
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The Minister of Information and Culture, Alhaji Lai Mohammed, has said the Buhari Administration is taking loans in order to build world class infrastructure that will benefit…
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Former President Olusegun Obasanjo has questioned President Buhari’s plan to borrow more money, declaring that borrowing to accumulate debt for the next generation is criminal. …
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The Senate has received a request from President Muhammadu Buhari to approve donor fund projects under the 2018-2020 Federal Government External Borrowing (Rolling) Plan. …
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