Just another News Updates
Twenty-two states collectively spent ₦251.79bn on debt servicing within the first nine months of their current administrations, according to findings by Sunday PUNCH. Despite increased monetary allocations from the Federation Account, these states also secured fresh loans totaling ₦310.99bn between July 2023 and March 2024. The data, sourced from the Open Nigerian States platform supported […]
Nigeria made significant strides in debt repayment, clearing $560 million owed to various nations and organizations in January 2024, marking a 339% increase from the previous year’s expenditure. Analysis by the Central Bank of Nigeria revealed this substantial payment, amid reports indicating Nigeria’s public debt reached N87.91 trillion by September 2023. The Federal Government’s commitment […]