Tag: foreign debts

  • Nigeria’s Debt Profile To Reach N38.68trn In 2021 — FG

    Nigeria’s Debt Profile To Reach N38.68trn In 2021 — FG

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    Starnews NG
    in

    The Federal Government of Nigeria says Nigeria’s public debt stock is projected to rise to N38.68 trillion by December 31, 2021. The Minister of Finance, Budget and National Planning, Zainab Ahmed, disclosed this on Tuesday when she appeared before the Senate Committee on Local and Foreign Debts. It was earlier reported that the federal government…

  • IMF worries over Nigeria’s repayment capacity of N24.39tn debt

    IMF worries over Nigeria’s repayment capacity of N24.39tn debt

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    by

    Starnews NG
    in

    The International Monetary Fund, on Tuesday, expressed worry over Nigeria’s ability to repay its foreign debt which had continued to rise. Though it said conditions were favourable for the country to continue to borrow, the IMF equally expressed worry over the capacity to repay. The Punch reports that the Financial Counsellor and Director, Monetary and Capital…