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As a student of philosophy, I have observed with considerable trepidation and fear for the future of Nigeria, just one feature of the President Muhammadu ....
ActionAid, stakeholders express worry over unstable levels of borrowing, rising national debt profile today.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from today.ng Daily Mail and Mail on Sunday newspapers.
By Gabriel Ewepu – Abuja A non-profit making organisation, ActionAid Nigeria, AAN, and stakeholders, Friday, expressed worry over unstable levels of borrowings and rising national debt profile under the Buhari-led administration and poverty increasing daily. The Country Director, ActionAid Nigeria, Ene Obi, in an address of welcome expressed worry over upward trend nation’s debt profile has assumed as it keeps piling up and closing the fiscal space for effective delivery of public goods. According to Ene, as at December 31st, 2020, data from the Debt Management Office (DMO) showed that the nation’s total debt stock stood at N32, 915,514.85t ($86,392.54 billion). ....
The Central Bank of Nigeria, CBN, has insisted that Nigeria can’t stop borrowing, mainly when it’s necessary.
Mr Godwin Emefiele, the CBN Governor, disclosed this in Abuja on Friday at the National Dialogue on Nigeria’s rising debt profile, titled: “The Rising Public Debt in Nigeria and the Challenges of National Development,” organised by the Action Aid Nigeria (AAN).
Emefiele, who was represented by Dr Tawose Joseph, the Assistant Director, Monetary Policy Department, CBN, said there is no crime in borrowing.
This is coming as AAN and stakeholders have expressed fear ....
Why Nigeria can’t stop borrowing – CBN The Central Bank of Nigeria (CBN) has said that Nigeria cannot stop burrowing, especially when it is necessary as it is part of fiscal. By Fri Apr 09 2021 The Central Bank of Nigeria (CBN) has said that Nigeria cannot stop burrowing, especially when it is necessary as it is part of fiscal responsibility. The CBN Governor, Mr. Godwin Emefiele, said this on Friday in Abuja at the National Dialogue on the Nigeria’s rising debt profile, titled: “The Rising Public Debt in Nigeria and the Challenges of National Development” organised by the ActionAid Nigeria (AAN). ....