Google My Debt Servicing Ratio’s 9%, Jimoh Ibrahim Challenges AMCON       Bar. Jimoh Ibrahim, the owner of NICON Insurance and Nigeria Re. has described his debt servicing ratio as the lowest among strong business moguls in the country. He said his current debt servicing ratio is put...

Debt Servicing Consuming Nigeria’s Revenues - LCCI     The Lagos Chamber of Commerce and Industry has advised the Federal and State Governments to liberalise the infrastructure sector by breaking government monopoly and securitize corporate assets via public offerings to attract investment. According to an official statement released...

‘Weak Revenue Mobilisation Hindering Debt Servicing’     Despite concerns about Nigeria’s rising debt profile, the Convener of Borrow Right Africa, Taiwo Akerele has stated that the key issue with the country is revenue mobilisation, which is affecting the capacity to service debts. He argued that Nigeria’s debt...

FG Spent 72% Of Revenue On Debt Servicing       The Federal Government made a total of N3.25tn in 2020, according to a review of the budget performance of the 2020 Appropriation Act. The review also showed that the Federal Government spent a total of N2.34tn on debt...

Subsidy, Debt Servicing May Push Deficit Above N7trn This Year       The possibility of the Federal Government resorting to further borrowings or ‘ways and means’ (government facility from the Central Bank of Nigeria) to cushion the effect of revenue shortfall is imminent due to the rising...

Nigeria’s Capacity To Service Debt Very Weak - LCCI       The Director-General of the Lagos Chamber of Commerce and Industry, Dr Muda Yusuf, says Nigeria’s debt profile is unsustainable. Yusuf said this in an interview with Channels TV. The video of the interview was posted on the television...