Rising Debt Servicing Cost Can Impede Growth – CBN       The Central Bank of Nigeria has expressed concern over the rising cost of debt service being incurred by the Federal Government. The CBN, in its half-year 2020 economic report, said the trajectory of Federal Government’s debt further...

Nigeria: Spending Earnings for Debt Servicing By Ibrahim Shehu Dandakata     The last time there was such in abundance was during the regime of Abacha when ‘Tokunbo’ cars and spare parts became the norm as a response to that smoke. After a long time, cars with ‘smoking...

In Six Months, Debt Servicing Gulps N1.57trn       The Federal Government spent a total of N1.57tn on debt servicing in the first six months of the year, the Minister of State for Budget and National Planning, Mr Clem Agba, has said. Agba said this in a presentation...

Debt Servicing May Limit Nigeria’s Productivity – OPEC     The servicing of debts by Nigeria may limit the Federal Government’s ability to increase economic productivity, the Organisation of Petroleum Exporting Countries said on Tuesday. OPEC, also disclosed that based on direct communication with Nigeria, the country’s crude...

Debt Servicing May Gulp 75% Govt Revenue By 2024   A report published by the World Bank has projected that debt servicing will take up about 75 per cent of Federal Government’s revenue by 2024. The report entitled ‘State debt management in Nigeria: Challenges and lesson learned’,...

Nigeria Spends N254bn On Debt Servicing In Ninety Days     The Debt Management Office on Thursday reported that Nigeria spent a total sum of N254 billion to service the country’s debt obligations in just three months. Of these figures, FG paid N196.1 billion for the actual debt...