Buhari’s Govt Emerge Third Highest Borrower Among Nigeria’s Sectors–Reports

The Federal Government has borrowed no less than N1.47 trillion from deposit money banks in the last three months, possibly through debt instruments from its monetary authorities. The development, according to a National Bureau of Statistics (NBS) report, is coming when “oil economy” had stabilised besides other borrowings from international sources. While budget financing may have necessitated the shopping for the funds, there is also the disturbing aspect of an accompanying regime of huge interest payments. This was much confirmed by the Debt Management Office which noted that government had spent about N656 billion in servicing domestic debts during the

By |August 22nd, 2018|Categories: News|Tags: , , |0 Comments
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