Tag: borrow

Nigeria cannot borrow into prosperity ―Peter Obi lambastes Tinubu for excessive borrowing

Bode DoluLeave a Comment on Nigeria cannot borrow into prosperity ―Peter Obi lambastes Tinubu for excessive borrowing

Former Labour Party (LP) presidential candidate, Peter Obi, has voiced serious concerns over the Nigerian federal government’s frequent borrowing, warning that it raises significant questions about the state of governance in the country. Obi said the Bola Tinubu presidency is sending conflicting signals by telling citizens that the government has surpassed its 2025 revenue target […]

Continue Reading

Tinubu requests House approval to borrow $2.35bn

Bode DoluLeave a Comment on Tinubu requests House approval to borrow $2.35bn

President Bola Tinubu has officially asked for the House of Representatives’ approval to secure $2.35 billion in external borrowing to partly fund the 2025 budget deficit and refinance Nigeria’s maturing Eurobonds. His request, contained in a letter addressed to House Speaker Tajudeen Abbas, was read on the House floor on Tuesday. Tinubu, also in the […]

Continue Reading