FINANCE MINISTER, MONETARY POLICE COMMITTEE CLASH OVER NIGERIA’S DEBT PROFILE

Two days after Nigeria’s Minister of Finance, Zainab Ahmed, faulted financial experts, stating that Nigeria’s N24.9 trillion debt was not a problem, members of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) have countered her claim. The members of the MPC raised a concern about the debt level of the states and the Federal Government which they said was worrisome when compared to other countries that the Minister of Finance used to defend the current debt problem. Nairametrics reported that Ahmed decried the insensitivity of experts…

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NIGERIA’S DEBT PROFILE RISE BY 560BILLION IN 3 MONTHS

Nigeria’s debt profile rises by N560bn in three months Samson Akintaro, Abdulwahab Isa and Onyekachi Eze / 2 hours ago The Federal Government, 36 states of the federation and the Federal Capital Territory (FCT) incurred additional N560 billion debt in the first three months of this year, the Debt Management Office (DMO) has declared. This brought the country’s total domestic and foreign debt to N24.9 trillion as at end of March 2019. Compared with the debt figure as of December 31, 2018, which stood at N24.387 trillion, the first quarter 2019 figure…

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