Former Anambra State governor and 2023 Labour Party presidential candidate Peter Obi has warned that President Bola Tinubu’s disclosure that Nigeria will spend about $11.6 billion on debt servicing should alarm anyone concerned about the country’s future. In a statement posted on his X handle on Monday, Obi said the size of the planned debt …
President Bola Tinubu has said Nigeria will spend not less than $11.6 billion on debt servicing in 2026 under the current global financial system. According to a statement issued by Bayo Onanuga, the president spoke on Tuesday at the Africa Forward Summit in Nairobi, Kenya. Tinubu said nearly half of Nigeria’s projected revenue for 2026 …
The Nigerian National Assembly has experienced a legislative discrepancy, as the Senate and the House of Representatives approved different crude oil price benchmarks for the 2026–2028 Medium Term Expenditure Framework (MTEF). While both chambers agree on many macroeconomic targets, the disagreement over oil prices, which is the major source of Nigeria's foreign exchange earnings, highlights …
As Nigeria celebrates its 65th Independence anniversary, the Alliance for Economic Research and Ethics Ltd/Gte has warned that the nation’s economic recovery remains fragile, urging government at all levels to prioritise human capital development as the foundation for sustainable growth. In a statement signed by its Chairman, Dele Kelvin Oye, the Alliance noted that although …
