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Nigeria: Stop Borrowing, Senate, NSIA, Others Warn Govt
Vanguard, 18 October 2018
The Senate and Nigeria Sovereign Investment Authority, NSIA, yesterday warned the Federal Government against returning the country into a debt trap. Read more »
The Senate has warned the government to stop taking external loans, urging it to find other means of generating revenue internally, rather than throw the country into a debt trap.
(file photo).
President Muhammadu Buhari says that Nigeria's partnership with China through the Forum on China-Africa Cooperation has resulted in the execution of vital infrastructure projects ... Read more »
The International Monetary Fund has expressed concerns about Nigeria's debt servicing capacity, as the size of the total debt keeps rising against its revenue. Read more »
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