‘Nigeria’s debt on infrastructure, good investment’ – Fashola

The Minister of Power, Works, and Housing, Mr. Babatunde Fashola, has described Nigeria’s debt for infrastructure as a good debt. Fashola, who spoke at the just concluded Africa Investment Forum in Sandton South Africa, said that the Federal Government should not be judged like a private company when it comes to borrowing. He said: “The […]

FSDH analysts caution FG on imminent debt crisis

Analysts at FSDH Research, one of the nation’s financial markets research and consulting entity, has charged the Federal Government to implement policies that will grow and diversify the the nation’s revenue base in order to avert a debt crisis. The research firm, in its report obtained on Thursday, noted that government was spending too much […]

Judiciary’s support key to AMCON’s debt recovery drive – Kafarati

The Chief Judge of Federal High Court, Abuja Division, Hon. Justice Adamu Abdu Kafarati, has urged judges in the country to support current efforts by the Asset Management Corporation of Nigeria (AMCON) to recover bad loans from debtors in view of the implications for the nation’s economic growth. Justice Kafarati gave the advice when he […]

Africa’s debt within ‘reasonable’ limit -Adesina

The President of the African Development Bank (AfDB), Dr Akinwumi Adesina, has said that the continent has no debt crisis. Adesina made the remark while fielding questions on the sidelines of the just concluded Forum on China-Africa Cooperation (FOCAC) Beijing Summit. He noted that Africa saw an overall debt-to-GDP ratio of 37 percent in 2017, which, […]

Public debt rises to N22.7trn in first quarter – DMO

The Debt Management Office (DMO) on Wednesday reported an increase in public debt to N22.7 trillion in the first quarter of this year, representing 4.5 percent growth over the preceding quarter’s debt profile. The agency attributed the growth to increased domestic borrowing by federal and state governments as well as rising foreign borrowings by the […]