Tag: borrowing

We need to keep borrowing to save jobs – Adeosun

The Minister of Finance, Kemi Adeosun has said the Federal Government’s desire to borrow more funds from international creditors is to prevent job losses. Mrs. Adeosun, who spoke yesterday at…

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Nigeria must borrow to fund 2017 budget – Reps

The leadership of the House of Representatives on Sunday said Nigeria cannot fund its 2017 budget except from an external loan. Majority Leader of the House, Mr. Femi Gbajabiamila said…

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Opinion: Why should we borrow our future?

by Owolabi Afeez Ashola Recently, the Federal Government sent a letter to the National Assembly  for matters classified as urgent with billions of dollars involved to be borrowed through international…

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[The Presidential blog]: Please whose budget is this?

This was in the news yesterday. And I am just confused. Why are we presenting a NGN 6.86 trillion budget when we are still trying to finance a NGN6.06…

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If a policy is wrong, it is wrong… Change it – Sanusi Lamido

The Emir of Kano Sanusi Lamido Sanusi has said that there is no point or reason to keep operating a policy that is wrong and not working. He said the idea…

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FG approves new Debt Management Strategy [DETAILS]

The federal government, on Wednesday, announced that it has approved a new Debt Management Strategy for the country. This was disclosed by the Minister of Information and Culture, Alhaji Lai…

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‘Buhari is spending money like a drunken sailor… borrowing like there’s no tomorrow’ – Fani-Kayode

Former Minister of Aviation, Femi Fani- Kayode has described the 2016 budget of President Muhammadu Buhari as being insincere, expensive and over-bloated. Fani-Kayode said the present administration is spending money like a…

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‘Why I won’t shy away from borrowing’ | Governor Udom gives a lesson in indebtedness

According to Governor Udom Emmanuel of Akwa Ibom state, every serious government must have a debt profile. The governor said many developed nations are in the habit of borrowing, hence it…

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Les Leba: Sanusi’s tall story on high interest rates

by Les Leba The stupendous profits posted by Nigerian banks at a time of contracting industrial activities and the current high unemployment rate is ample testimony of who are the…

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