Fed Govt’s Local Currency Debts To Hit N44trn In 2022   A report by Agusto & Co. Limited has estimated that the Federal Government’s local currency debts will rise to N44tn in 2022. This was disclosed in a report, titled ‘Nigeria in 2022’, on the economic outlook...

W/Bank, AfDB Approved $2.83bn For Nigeria In 2021   The World Bank and the African Development Bank approved a total sum of $2.83bn to Nigeria in 2021. However, the financing is not limited to the Nigerian government, as it also covers Nigerian agencies and firms. This was according...

Fed Govt To Spend 94% Of 2022 Revenue On Debt Servicing - Report   August&Co, a global research and credit rating institution, estimates that Nigeria will incur N4.7 trillion on debt serving this year. The amount is 94 per cent of its N5 trillion revenue projection for...

Rising Governance Cost, Recessions, Others Raise FG Spending By 183%   Rising governance cost, economic recessions necessitating higher government spending may have combined with other factors to raise Federal Government spending by 183 per cent in seven years. The Federal Government increased projected expenditure in its annual...

Why Fed Govt Will Continue Borrowing – Lawan   The Senate President, Ahmad Lawan, has said that until revenue-generating agencies lived up to expectations, the federal government would continue borrowing to fund infrastructure. Lawan gave the hint on Tuesday in an address delivered at the start of...

FG’s 2022 Target Shaky As Inflation Rises To 15.63%   The National Bureau of Statistics disclosed on Monday that Nigeria’s headline inflation rate rose to 15.36 per cent in December 2021. Earlier data from the NBS showed that headline inflation had maintained a consecutive decline for a...