Can Nigeria Dig Its Way Out of U.S.$81 Billion Debt Trap?
At least U.S.$81.27 billion is the state of Nigeria's current debt, with opposition Peoples Democratic Party leader Atiku Abubakar calling for an urgent redress of the situation "before it totally submerges the country's economic well-being."
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Nigeria:
Atiku Tackles Buhari Over Rising Nigeria Debt
Premium Times, 18 July 2019
Former Vice President Atiku Abubakar has decried Nigeria's debt burden, saying the country is spending more on debt servicing this year than its combined budget for education and… Read more »
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Nigeria:
Atiku Decries Country's Debt Profile
Premium Times, 10 July 2019
The presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar, has decried the "unsustainable debt" Nigeria has acquired under the President Muhammadu Buhari-led… Read more »
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Nigeria:
Nigeria's Total Debt Stock Rises to N24.9 Trillion in First Quarter of 2019
Premium Times, 10 July 2019
Nigeria's total public debt rose to N24.947 trillion as at March 31, from N24.387 trillion as at December 31, 2018, growing marginally by 2.30 per cent, the Debt Management Office… Read more »
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Nigeria:
DMO Puts Nigeria's Public Debt Stock At N24. 947 Trillion
Vanguard, 10 July 2019
The nation's public debt stood at N24. 947 trillion ($81.274 billion) at the end of March, this year. Read more »
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Nigeria:
Nigeria's Public Debt Now N24.9trn - DMO
Vanguard, 11 July 2019
The nation's public debt stood at N24.947 trillion ($81.274 billion) at the end of March, this year, according to data released by the Debt Management Office, DMO, yesterday. Read more »
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Nigeria:
Nigeria's Debt Grows to N24.947tn in Q1
This Day, 11 July 2019
A marginal increase of N560.009 billion, representing 2.3 per cent rise in the first quarter (Q1) of 2019, has pushed Nigeria's total public debt, comprising the federal… Read more »
InFocus
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Minister of Finance Zainab Ahmed has assured that Nigeria's borrowing still remains healthy at 19 percent to the Gross Domestic Product, which is low compared to Ghana, Brazil, ... Read more »
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Vice President Yemi Osinbajo has said the Buhari-led administration inherited a debt of U.S.$63 billion and has only borrowed U.S.$10 billion since it took office in 2015. Osinbajo ... Read more »