Despite IMF Warning, Buhari Makes Fresh Request For $29.96bn Loan

LAGOS NOVEMBER 29TH (NEWSRANGERS)-President Muhammadu Buhari on Thursday re-sent the $29.96bn 2016-2018 external borrowing plan to the Senate for its consideration and approval. Buhari made the request a day after the International Monetary Fund warned Nigeria against rising debts. T he Debt Management Office has said out of Nigeria’s total debt profile of N25.7tn as…

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Nigeria Govt Accused Of Borrowing More In Last Three Years Than It Did In 30 Years

LAGOS NOVEMBER 24TH (NEWSRANGRS)-At current levels of over N25 trillion, it means that Nigeria has borrowed in three years more than it borrowed in 30 years previously, and the country to remain peaceful and get the economy working better, it must return to the basics of federalism, as the foundation of her national enterprise.      A former…

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World Bank LendS $2.1bn To Nigeria

LAGOS JUNE 29TH (NEWSRANGERS)-The World Bank has granted Nigeria a $2.1billion loan to be used exclusively for seven projects. The development bank in a statement Thursday said the projects cut across supporting Nigeria’s investment in nutrition, access to electricity, states’ fiscal transparency, polio eradication, women’s economic empowerment, public finance and national statistics and reducing vulnerability…

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