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allafrica - 1 month ago

Nigeria: Buhari s $30bn Loan Request - Stakeholders Caution Govt, NASS

[Vanguard] With Nigeria s debt stock growing by 3.11 per cent from $81.27 billion recorded in the first quarter of 2019 to $83.88 billion (N25.70 trillion) at the end of June 2019, economists are almost unanimous in opposition to President Muhammadu Buhari s request to the National Assembly last week for permission to obtain an external loan of $29.96 billion, which the administration claimed it needed to execute key infrastructural projects across the country.

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