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Rising debt service cost weighing on FG s revenue – PwC

Punch Newspapers Sections Published 31 May 2021 The increasing cost of servicing debt continues to weigh on the Federal Government’s revenue profile, a PwC report has said. This report was titled ‘Nigeria Economic Alert: Assessing the 2021 FGN Budget.’ According to the report, the Federal Government keeps spending a huge amount of its revenue to service debt, and the debt-to-revenue ratio in 2020 is about 83 per cent. It said, “Actual debt servicing cost in 2020 stood at N3.27tn and represented about 10 per cent over the budgeted amount of N2.95tn. This puts the debt-to-revenue ratio at approximately 83 per cent, nearly double the 46 per cent that was budgeted.

Ovie ogidiakaFederal governmentNigeria economic alertகூட்டாட்சியின் அரசுநைஜீரியா பொருளாதார எச்சரிக்கை

Experts carpet CBN, say serial naira devaluation threatens economy, Nigerians

Experts carpet CBN, say serial naira devaluation threatens economy, Nigerians
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Abuja federal capital territorySamuel nzekweAbideen ojo oniyunAmarachi orjiudeStephen angbuluOvie ogidiakaCentral bankLesi nwisagboProf ovie ogidiakaகூட்டாட்சியின் மூலதனம் பிரதேசம்மைய வங்கி

Analysts demand enabling environment for investors

Punch Newspapers Sections Sami Olatunji and Amarachi Orjiude Published 19 May 2021 Published 19 May 2021 Financial analysts have urged the Federal Government to come up with relevant policies to combat insecurity in order to provide an enabling environment for investors. A financial analyst, Dr Samuel Nzekwe, said lack of infrastructure, embezzlement, and corruption are chasing investors away from the country. “The cost of governance is so high, consuming all the money the government could have used to develop infrastructure. “Within a government agency, you’ll see a PA to a minister and that PA will have a PA and the trend continues. In essence, there is a lot of duplication of offices, or positions, unnecessary duplications.

Samuel nzekweAmarachi orjiudeOvie ogidiakaSami olatunjiFederal governmentProf ovie ogidiakaகூட்டாட்சியின் அரசு