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All posts tagged "borrowing"

  • $7.9b loan: Senate Warns States over Careless Borrowing

    The Senate has warned state governments against careless borrowing, saying it would not agree to every demand. Chairman, Senate Committee on Local and Foreign Loans, Senator Ehigie Uzamere sounded the warning during a meeting set for the...

    • Posted December 11, 2012
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  • Senators Caution President Jonathan’s N1.23 trillion Debt Binge

    President Goodluck Jonathan’s plan to borrow externally to the tune of $7.905 billion (about N1.23 trillion) hit the rocks, as the move was criticized by the Senate.   The lawmakers argued that there was no rationale behind such big...

    • Posted November 8, 2012
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