borrowing

The House of Representatives has expressed displeasure over the way some government agencies conceal their revenues, thereby denying the Federal Government the fund for budgeting. The House criticised the way the country resorts to…

The Minister of Works and Housing, Babatunde Fashola, has defended the Federal Government’s resort to loans to expand infrastructure in the country. Fashola, who spoke in Abuja at NANForum, the flagship interview programme of the News…

Vice presidential candidate of the PDP in 2019, Peter Obi has advised the Federal Government to "borrow" China's economic development template rather than taking loans all the time. He stated this on Wednesday during a lecture at the…

President Muhammadu Buhari Tuesday justified government borrowing to finance infrastructure, asserting that his government took loans in the interest of the country to solve the dire shortfall in infrastructure. Speaking at a virtual…

The Anglican Bishop of Umuahia Diocese, Rt. Rev. Geoffrey Ibeabuchi, has called on the Federal Government to intensify efforts to diversify the economy for rapid economic growth and reduction in dependence on oil revenue. Ibeabuchi made…

The Nigeria Labour Congress (NLC) has urged the Federal Government to be cautious on the issue of borrowing both within and outside the country. Dr Peter Ozo-Eson, NLC General Secretary, said this in an interview with News Agency of…

Some Nigerians have projected rise in inflation and borrowing rates as well as naira appreciation in the next 12 months. They gave the projection in the Central Bank of Nigeria (CBN) 2018 fourth quarter Consumer Expectations Survey (CES)…

The senator representing Kogi West senatorial district in the National Assembly, Sen. Dino Melaye, has accused his party, the All Progressives Congress (APC), of borrowing N11 trillion since coming to power in May 2015. He said that the…