N31trn Debt: FG shuns debt relief package

Nigeria will not apply for relief to get out of its crippling N31 trillion debt burden. The International Monetary Fund (IMF) is pushing debt relief for low income countries. Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, made this disclosure on Tuesday in Abuja during the public presentation of the 2021 budget. Responding to a question whether Nigeria would take the option of the debt relief, Ahmed said the government was not considering such at this time. She said several loan agreements have been entered with various lenders, adding asking for debt relief would portend Nigeria as a

By |October 13th, 2020|Categories: Uncategorized|Tags: |0 Comments
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