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NRC Debt Servicing Gulps 1,200% Of Revenue –Report

The cost of servicing debt for railway projects exceeded the Nigerian Railway Corporation (NRC)’s revenue by 1,208.5 per cent in the first half of 2023, an

Abuja federal capital territoryFidet okhiriaAhmed tinubuNigerian railway corporationHouse of representatives committee onNigeria railway modernisation project idu kaduna sectionNational bureau of statisticsNigeria railway modernisation project lagosPresident bola ahmed tinubuNigeria railway modernisation projectIdu kaduna sectionIbadan sectionNational bureauNigerian railwayRepresentatives committeeTerm expenditure framework

Railway debt servicing exceeds revenue by 1,200% –Report

Railway debt servicing cost exceeded revenue by 1,208.5 per cent in the first half of 2023, an analysis of debt service documents has shown.

Fidet okhiriaNigeria railway modernisation project idu kaduna sectionNigerian railway corporationNational bureau of statisticsNigeria railway modernisation project lagosHouse of representatives committee onNigeria railway modernisation projectIdu kaduna sectionIbadan sectionNational bureauNigerian railwayManaging directorRepresentatives committeeTerm expenditure frameworkFiscal strategy paperSaidu alkali

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