Nigeria Bleeding Under Chinese, Foreign Loans – Duke
The Social Democratic Party presidential flagbearer, Donald Duke, has expressed concern over the growing indebtedness of the nation to China and other countries, stating that Nigeria is haemorrhaging under foreign loans.
Stating that the government needed to indigenise...
The Minister of Finance, Mrs. Kemi Adeosun stated that the Federal Government would apply the sum of $3bn in refinancing the legacy debts of the immediate past administration.
The outlay is part of the $5.5bn foreign loan being sourced from the international financial markets, according...
The Federal Government’s efforts to secure funds from international lenders to help haul the country out of recession have stalled because it has not submitted the required economic reform plans, according to one of the banks and sources close to the matter.
The Federal Government...
