Utweets
President Bola Tinubu has written to the National Assembly, seeking approval for a fresh N1.767 trillion external borrowing plan to part-finance the budget deficit of N9.7 trillion for the 2024 budget. ...READ THE FULL STORY FROM SOURCE ↔️
POLITICS NIGERIA reports that Nigeria’s growing foreign debt obligations have been of concern lately, and this has been exacerbated by the liberalization of exchange rates, making loan repayment more expensive.
According to the Central Bank of Nigeria (CBN), the Federal Government spent $3.58 billion servicing the country’s foreign debt in the first nine months of 2024, representing a 39.77% increase from the $2.56 billion spent during the same period in 2023. The highest monthly debt servicing payment in 2024 occurred in May, amounting to $854.37 million..… Read -T.he .Full _Article .Here..
