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Rising Debt: Financial Expert, Idakolo Ex-Rays Nigeria's Situation

Summary by Daily Post Nigeria
Nigerians have expressed divergent views over the incessant loans taken by the federal government, which has bloated the country’s external debts. DAILY POST reports that the Senate recently approved President Bola Tinubu’s external borrowing plan of over $21 billion for the 2025–2026 fiscal cycle, paving the way for the full implementation of the 2025 Appropriation Act. The comprehensive borrowing package includes $21.19bn, in direct foreign lo…

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Daily Post NigeriaDaily Post Nigeria
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Rising debt: Financial expert, Idakolo ex-rays Nigeria's situation

Nigerians have expressed divergent views over the incessant loans taken by the federal government, which has bloated the country’s external debts. DAILY POST reports that the Senate recently approved President Bola Tinubu’s external borrowing plan of over $21 billion for the 2025–2026 fiscal cycle, paving the way for the full implementation of the 2025 Appropriation Act. The comprehensive borrowing package includes $21.19bn, in direct foreign lo…

·Nigeria
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http://www.brujuladigital.nethttp://www.brujuladigital.net

External Debt Accounts for 25 per Cent of Gdp, Is at Appropriate Levels, Says the Government

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http://www.brujuladigital.net broke the news in on Thursday, July 31, 2025.
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