…52 per cent. He warned that Nigeria was approaching a dangerous fiscal position where government borrowing would primarily be used to repay existing debts. “This is not economic reform. It is fiscal vandalism,” he added. Atiku said an ADC-led government would prioritise blocking financial leakages, eliminating waste an…

…‘Momentum’ – He leaves a host of challenges for Burnham, including a tepid economy, high government borrowing costs, a ballooning welfare bill and irregular migrants arriving in small boats that have fuelled support for the hard-right Reform UK party. Unpredictable energy prices due to the US-Iran war and volatile rela…

…data showed that the 19.89 per cent FGN May 2033 bond accounted for the largest share of government borrowing during the first half of the year, raising N1.07tn, while the 18.50 per cent FGN February 2031 bond followed with N758.90bn. The figures indicate that while the Federal Government significantly expanded domesti…

…earlier faulted Nigerians, especially analysts and commentators, for criticising government borrowing without considering the purpose, cost and expected returns of such debt. Oyedele spoke in Abuja at the Fellowship Award Ceremony and 2nd Biennial Conference of the Capital Market Academics of Nigeria. He said, “When an…

…recently faulted Nigerians, especially analysts and commentators, for criticising government borrowing without considering the purpose, cost and expected returns of such debt. Oyedele said, "When analysts go on TV and join the populist view to accuse the government of borrowing, you are doing a disservice. The relevant…

…than Ghana, for example, which is going through a debt restructuring.” Verghis defended government borrowing as a necessary tool for financing long-term investments that stimulate economic growth and improve living standards. “Nigeria borrows for the same reasons that all countries borrow. If you want to deliver result…