Tag Archives: Nigeria’s rising debt profile

Buhari’s $30bn Fresh Loan Request Will Sink Nigeria, Experts Warn

There is rising concern in Nigeria about President Muhammadu Buhari’s request for re-consideration and approval of a  2016-2018 External Borrowing Plan to enable him to secure additional $30 billion loan to finance an estimated 39 infrastructure projects across the country. Buhari’s borrowing request shut down by the eighth National Assembly was conveyed in separate letters to President of Senate Ahmad ...

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