Browsing Tag
Debt
17 posts
Nigeria explores seat-for-debt plan to resolve airline liabilities
The Nigerian government is weighing a proposal to allow domestic airlines to pay off over 60 billion naira in aviation debts by providing flight tickets instead of cash.
NERC Removes Kaduna Disco Board Amid N456bn Debt Crisis
NERC has dissolved the Kaduna Electricity Distribution Plc board due to a N456.5 billion debt and persistent operational failure, appointing an interim board to oversee the transition.
NERC Removes Kaduna DisCo Board Over N456bn Debt and Names Administrator
NERC has dissolved the board of the Kaduna Electricity Distribution Company due to a N456 billion debt burden and poor performance, appointing an administrator to manage the utility for six months.
Taraba State Rejects Allegations of Accumulating ₦1.2 Trillion Debt
The Taraba State government has formally denied reports that it borrowed ₦1.2 trillion, with Finance Commissioner Sarah Adi citing DMO data to show domestic debt has actually decreased under Governor Agbu Kefas.
Lawmakers urge Chancellor to conduct immediate review of student debt repayments
A group of over 120 UK lawmakers is calling on the Chancellor to urgently review the student loan repayment system, citing an 'unsustainable burden' on graduates.
Atiku Labels Tinubu a Threat to Economic Stability Over $4.5 Billion Loan Plan
Atiku Abubakar has attacked the government's plan to refinance a $4.5 billion oil-backed loan, accusing President Tinubu of jeopardizing Nigeria's financial future.
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.