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All posts tagged "nigeria foreign debt"

  • Lawmakers move to Place Ceiling on Government Borrowing

    Lawmakers in Abuja, concerned with the country’s skyrocketing debt profile have sought to ensure the introduction of legislation that controls the borrowing of the executive. The National Debt currently stands at N 6.5 trillion or $ 40...

    • Posted March 28, 2012
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  • States face bankruptcy over N339.9bn foreign debt – RMAFC

    The Revenue Mobilisation Allocation and Fiscal Commission, said on Wednesday that the 36 states of the federation were owing a $2.165bn(about N339.9bn) foreign debt, resulting in their inability to finance developmental projects. Making his submission before the...

    • Posted March 15, 2012
    • 0