Tag: Borrowing
Nigeria must borrow to run its economy — Sen Ibrahim
Senator Jimoh Ibrahim, representing Ondo South District in the National Assembly, says the Federal Government can only run the economy effectively through borrowing.
Jimoh stated...
Nigeria can no longer rely on borrowing, Finance Minister tells Senate
The Minister of Finance and Coordinating Minister for the Economy, Wale Edun, says the country cannot longer rely on borrowing to fund the 2024...
We borrowed to develop infrastructure, create wealth for Nigerians — ...
President Muhammadu Buhari says his administration borrowed in order to fund the infrastructure development and create wealth for Nigerians.
President Buhari made this claim at...
Nigeria’s World Bank borrowing stands at $14.34bn in Q1 – Report
Reports have indicated that Nigeria’s borrowing from the World Bank has reached $14.34bn as of March 31, 2023.
This indicated an increase from the $13.93bn...
Banks’ borrowing from CBN rises 74% to N901bn
The shortage of funds (liquidity) in the interbank money market has led to banks relying more on the Central Bank of Nigeria (CBN) for...
FG barred from borrowing unclaimed dividends, dormant funds
A Federal High Court in Abeokuta has issued an interim order barring the Federal Government from accessing unclaimed dividends of capital market shareholders worth...
‘Broke’ Nigeria must borrow for infrastructural development – Lawan
Senate Preisent, Ahmad Lawan, says Nigeria is broke, hence the Federal Government must borrow to fund infrastructural development.
Lawan said it is not feasible for...
Sustainable Agriculture as a Pillar of Climate Adaptation in Africa –...
Evelyn Dan Epelle, San Jose, California
ADIS24 - Africa stands at the forefront of climate change impacts, despite its low contribution to greenhouse gas emissions....
