External borrowing

Nigeria borrowed $2.9 billion from World Bank in 2022-Report

A recent International Debt Report released for 2023 has shown that Nigeria was the highest recipient of fresh loans...

Funding infrastructure with external loans blamed for problems in Nigeria’s education, health sectors

AN economist has blamed the Nigerian government's reliance on external loans to fund infrastructural projects for problems in the...
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Nigeria’s debt profile now over N20 trillion, says Debt Management Office

The Debt Management Office says Nigeria’s total debt stock stood at N20.37 trillion as at September 30 this year. This...

Buhari seeks Senate approval to borrow $3 billion

President Muhammadu Buhari wants the Senate to approve the borrowing of $3 billion which he said would be used...
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Whether or not you read this, you still owe ₦102,000

By Saatah Nubari It was Fela Kuti who said “Trouble sleep, Yanga go wake am.” Wise words from a decent...

I don’t see anything wrong with Nigeria borrowing, says auditor-general of the federation

  Anthony Ayine, Auditor-General of the Federation, says there’s nothing wrong with Nigeria’s current rate of borrowing, since it is...
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