The House of Representatives has directed the Central Bank of Nigeria (CBN), NIRSAL, and SMEDAN to restructure the repayment system for recovery of the COVID-19 loans from Nigerians who took the facility. It also wants the interest rates…
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The Federal Government has initiated moves to secure fresh external financing totalling $6bn from lenders in the United Arab Emirates and the United Kingdom, in a bid to support budget implementation and critical infrastructure upgrades.…
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By Aminu Abubakar Katsina State’s medium-term fiscal framework paints a picture of an ambitious development agenda, but a closer look at borrowing, debt servicing, and internally generated revenue (IGR) suggests growing pressure on the…
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Zamfara State Governor Dauda Lawal says his administration is yet to receive any form of support from the federal government because he is not a member of the All Progressives Congress (APC). Speaking in an interview with DW Hausa, Lawal…
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Fresh revelations unfolded on Monday before Justice Mahmud Abdulgafar of the Kwara State High Court sitting in Ilorin at the resumed trial of former Kwara State Governor, Abdulfatah Ahmed, and his Commissioner for Finance, Ademola Banu,…
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By Aminu Abubakar Amid calls for reduced dependence on borrowing and growing pressure on government authorities to prioritise internal revenue generation, a SolaceBase review of the Jigawa State budget performance document has revealed…
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Speaker of the House of Representatives, Rep. Abbas Tajudeen, has warned that Nigeria’s rising debt profile has reached a critical and unsustainable level, stressing the urgent need for stronger legislative oversight to safeguard the…
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South African opposition leader, Julius Malema, has cautioned the continent against loans from Brentwood organisations and others, warning that such moves can undermine Africa. Malema spoke on Sunday in Enugu as a keynote speaker during…
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By Aminu Abubakar Despite calls for states to rely less on loans as a source of revenue, Jigawa State has borrowed the sum of N10.9 billion in the first six months of 2025, a SolaceBase review of the state's budget performance document has…
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By Aminu Abubakar Kaduna State has borrowed a total of N41.3 billion loan in the first quarter of 2025, according to figures from the state’s Q1 budget performance report. All of the funds were sourced from international lenders,…
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