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Nigeria - Page 49

Stop borrowing to fund recurrent expenditure, experts tell FG

Economists and communication experts have asked that the Nigerian government deploy its borrowed funds for capital projects rather than service recurrent expenditures. The charge was given at a panel discussion on the theme ‘Debt Burden and Quest for Economic Recovery’. The event

June 22, 2021

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Unemployment to plunge more Nigerians into poverty – NESG

Many Nigerians are expected to fall into the poverty trap amid rising unemployment in the country, the Nigerian Economic Summit Group (NESG) said on Friday. “With the COVID-19 crisis heightening the rate of joblessness, many Nigerians are expected to fall into the

June 19, 2021

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Nigeria borrowed N1.3tn in four years to subsidise electricity – World Bank

The World Bank has said that the Federal Government has borrowed a total of N1.3tn since 2017 to ensure that generation companies and gas suppliers received enough payments to continue generating electricity. The bank disclosed this in its ‘Resilience through Reforms’ report.

June 17, 2021

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Nigeria - Page 49

Stop borrowing to fund recurrent expenditure, experts tell FG

Unemployment to plunge more Nigerians into poverty – NESG

Nigeria borrowed N1.3tn in four years to subsidise electricity – World Bank

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