Browsing Tag
Debt
11 posts
Financial Expert Claims Current Administration Borrows Primarily to Service Existing Debt
Financial analyst Kalu Aja asserts that the Tinubu administration is acquiring new debt to service existing liabilities, highlighting a sharp contrast to historical infrastructure-focused borrowing.
Atiku Abubakar disputes President Tinubu’s economic performance report
Atiku Abubakar has criticized the Tinubu administration’s economic claims, citing unpaid wages, rising debt burdens, and inconsistent funding reports as evidence of policy failure.
Nigerian Government Rejects Allegations of Excessive Borrowing
Finance Minister Taiwo Oyedele clarifies that the reported N80tn debt surge under President Tinubu's administration is largely attributed to accounting adjustments and currency depreciation rather than new loans.
Federal Government Disputes Claims of Excessive Debt Accumulation
Minister of Finance Taiwo Oyedele clarifies that Nigeria's public debt figures are being misinterpreted, attributing the reported increase to currency revaluation and the formalization of inherited debt rather than new borrowing.
Nigerian Government Rebuts Claims of Excessive ₦80 Trillion Debt Under Tinubu
Finance Minister Taiwo Oyedele clarified to the Senate that recent increases in Nigeria's debt figures are largely due to currency adjustments and the recognition of past obligations rather than new borrowing.
New Regulations Imposed on Buy Now Pay Later Services
New FCA regulations for Buy Now Pay Later services provide consumers with stronger protections and refund rights, but stricter affordability checks could lead to more loan rejections.
World Bank: Nigeria Faces Revenue Shortfalls Rather Than a Debt Crisis
The World Bank asserts that Nigeria's fiscal issues stem from low revenue generation rather than excessive debt, advocating for improved collection to ensure long-term economic stability.
Atiku Attacks Tinubu Administration Over Power Sector Debt Discrepancies
Atiku Abubakar has accused the Tinubu administration of financial dishonesty regarding power sector debts, citing claims from electricity generation companies that promised bond funds remain unpaid.
Atiku Abubakar Calls for Audit of Government Power Sector Bonds
Atiku Abubakar has demanded an audit of the federal government's power sector funds, citing contradictions between official claims and reports from power generation companies regarding unpaid debts.
Five Nations in Africa Rank Among Largest Debtors to IMF
New IMF data reveals five African countries are among the ten largest borrowers globally, while Nigeria remains outside the top list despite its own escalating debt obligations.