Nigeria’s Debt Management Office, DMO, last week announced that the country’s public debt rose year-on-year by 12.25 percent to N24.4 trillion at end of 2018.
Reacting to the new IMF World Economic Outlook, released at the on-going IMF/World Bank Spring Meetings in Washington DC, USA, yesterday, the body said that many poor countries were already in debt trouble. Eurodad Head of Policy, Mr. Bodo Ellmers, said, “Many poor countries have already been struck by debt crises. Progress on Sustainable Development Goals could be derailed or even reversed. Poverty and inequality could rise, if no counter measures are taken.
“High debt levels became a key constraint for spending on infrastructure projects and public goods in poor countries. Every Euro that goes to creditors is a Euro that does not go to poverty eradication and sustainable development. “Governments meet for IMF Spring Meetings in Washington this week. Next week, they convene at the UN Financing for Development Forum in New York.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PDP queries FG, Presidency over N24.38tr debt profile - Vanguard NewsThe Peoples Democratic Party, PDP, has chided the All Progressives Congress, APC-led federal government and Presidency over alleged unwholesome borrowings leading to the escalation of the nation debt stock from N12.12 trillion in 2015 to a kingly sum of N24.38 trillion in 2018. vanguardngr Don't waste your time.All they will do is the usual,blame the PDP for 16years of waste.
Source: vanguardngrnews - 🏆 5. / 75 Read more »
Court orders sale of tax evaders’ property to defray N35.9m debt - Vanguard Newsabuja—The Federal High Court, Abuja, has ordered sale of two landed property belonging to two tax evaders: Zaibadari Company Limited and Tradecraft Nigeria Limited to defray N35.9 million tax debts.
Source: vanguardngrnews - 🏆 5. / 75 Read more »
Newspaper vendor hangs self over inability to pay debt in Delta - Vanguard News NigeriaA 42 year old newspaper vendor simply called Ameachi has hanged himself inside his one room apartment in the Okpe road area of Sapele, Delta State. vanguardngr And he will meet another big wahala over there. vanguardngr Where ? Tell me vanguardngr Quite tragic, pls try and talk to someone whenever you have suicidal thoughts.
Source: vanguardngrnews - 🏆 5. / 75 Read more »
Nigeria’s total debt now N24.38tn-DMO - Vanguard News NigeriaMs Patience Oniha, Director-General, Debt Management Office (DMO), says the total public debt of Nigeria as at Dec. 31, 2018 is N24.38 trillion. vanguardngr We are realy heading to the next level of debt,9ja nawa o.. vanguardngr God help us all vanguardngr Next level
Source: vanguardngrnews - 🏆 5. / 75 Read more »
Nigeria's total debt now N24.4 trillion - DMO - Vanguard News NigeriaThe nation’s total debt stock escalated in 2018 to N24.387 trillion ($79. 437 billion), about N2.7 trillion or 9.1 per cent higher than the N21.725 trillion recorded at end of 2017. Perhaps, the huge addition was recorded in the fourth quarter of 2018 which came with N1.96 trillion or 8.03 per cent increase against the N22.428 trillion recorded at end of September 2018. vanguardngr Personally I don't understand what is happening. Are we moving forward or backwards. We are still suffering from power outage,bad road, insecurities and poverty. Where was this money spent. Live is still difficult for majority of our citizens. Are we not naturally blessed. So bad vanguardngr Incompetence and lack of plan for the ones yet unborn.
Source: vanguardngrnews - 🏆 5. / 75 Read more »
PDP decries Nigeria’s rising debt profile, asks National Assembly to intervene | The Guardian Nigeria News - Nigeria and World NewsPDP National Publicity Secretary Kola Ologbondiyan says since the advent of the Buhari administration, there has been a culture of unexplained borrowings leading to a steep rise in the country’s debt stock from ₦17.5 trillion in 2016 to ₦24.387tr in 2018
Source: GuardianNigeria - 🏆 1. / 94 Read more »
PDP demands probe of N24.38tn debt profileCorrupt Nigeria Full Of Criminals And Murderers. God Punish You All That Support OneNigeria. FreeBiafra From 1999 to date Buhari government is worse government in history of Nigeria.
Source: MobilePunch - 🏆 8. / 63 Read more »
Buhari Owes Nigerians Explanation For N24trillion Debt, Says PDP | Sahara Reporters.MBuhari Owes Nigerians Explanation For N24trillion Debt, Says OfficialPDPNig | Sahara Reporters The leading opposition party called on the National Assembly to limit the Buhari administration's ability to take loans for the country if... READ MORE: MBuhari OfficialPDPNig MBuhari will still borrow this year. The man is bent on selling off Nigeria! MBuhari OfficialPDPNig We send Him not them... What's their own😏😏 MBuhari OfficialPDPNig After all the imposed discipline and measures taken to abolish the embezzlement of Nigeria's funds, see the huge amount of debt he has put our country into. Please we demand an explanation .
Source: SaharaReporters - 🏆 9. / 63 Read more »
PDP demands National Assembly probe into Nigeria's N24.38trn debt – Daily TrustThe Peoples Democratic Party (PDP) has asked the National Assembly to probe the increasing borrowing by the APC-led government which allegedly has led to a national debt of N24.38 trillion.
Source: Daily Trust - 🏆 13. / 51 Read more »
PDP to National Assembly: probe Nigeria’s N24.3tr debt profileThe Peoples Democratic Party (PDP) has raised questions over Federal Government’s “unwholesome” borrowings amounting to N24.38 trillion debt.... Stupid man. Were those money accumulated from 2015 to date? i thought bald headed people use to have plenty of sense until now or except that is only limited to this buffoon Me to NASS probe the monumental fraud perpetrated by PDP in its 16yrs of ruling. Especially the $16bn electricity project under OBJ's watch.
Source: TheNationNews - 🏆 6. / 69 Read more »