The Peoples Democratic Party (PDP) says it receive with shock, the plan by the government of the All Progressives Congress (APC), to plunge Nigeria into further debt, and consciously mortgage the future of our unborn generations through needless and mindless borrowing of the sum of $5.5 Billion. “Like other well meaning Nigerians, we consider this […]
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The Debt Management Office, DMO has identified Lagos, Delta and Akwa Ibom States has the highest indebted states in Nigeria with debt profiles to the tune of N707billion as at December 31, 2016. Lagos State had a local debt stock of N311.7 billion as at Dec. 31, 2016. The state, referred to as the commercial […]
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Chairman, Senate Committee on Foreign and Domestic Debt, Senator Shehu Sani, has described the recent moves by Northern governors to obtain loan from the Saudi-based Islamic Development Bank as a direct conflict with the laws of the country. Sani, who also doubles as the Vice Chairman, Senate Committee on Foreign Affairs, argued that only the […]
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