Debt servicing

The Senate has approved President Tinubu’s $6 billion loan request—a whopping ₦8.4 trillion at the current exchange rate of ₦1,400 per dollar. The approval came within four hours of the President’s letter being read on the floor. In a…
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Debt Servicing Consumes Over 99% of Nigeria's Revenue The fiscal challenges facing Nigeria in the 2022 financial year have become increasingly dire, as recent data reveals that a staggering N4.23 trillion out of the total revenue…
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