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Tag: N2.45 Trillion

Debt: MPC Raises Concerns As Servicing Gulps N2.45trn

Debt: MPC Raises Concerns As Servicing Gulps N2.45trn   The Central Bank of Nigeria (CBN)-led Monetary Policy Committee (MPC) has raised concerns over Nigeria’s rising debt and debt service cost. An MPC member, Okwu Nnanna, said in his personal note at the last MPC meeting in Abuja...

FG To Spend N2.45trn On Debt Servicing In 2020

FG To Spend N2.45trn On Debt Servicing In 2020   The Federal Government plans to devote N2.45trn (about 24.5 per cent) of its N10.002trn 2020 budget estimates on debt servicing, according to the Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) submitted to the National...