According to reports, the Ekiti State Governor, Ayodele Fayose, has blamed the current spate of corruption in Nigeria on former President, Olusegun Obasanjo.
The fiery governor who used to be in close affinity with the former President but strained relationship after accusing the elder statesman of attempting to impeach him in 2006, described Obasanjo as a laughing stock.
In an interview with the Newsmen, the governor alleged that Obasanjo bribed lawmakers with N50m each for his failed third term bid.
Wondering if the […]
Nigeria’s total national debt stock for both the Federal Government and the States stood at N16.3 trillion as at June 30, this year.
The Minister of Budget and National Planning, Udoma Udo Udoma, who disclosed this said it is made of foreign liabilities of N3.2 trillion and domestic liabilities of N13.1 trillion.
According to the Media Aide to the Minister, James Akpandem, it was necessary to correct a misconception carried in the media regarding the Minister’s response to the country’s debt status […]
Debt Management Office (DMO) has revealed that as at June 2016, Nigeria’s external debt accounted for only 18.33 per cent of the country’s total debt stock of about N16 trillion.
Director General of DMO, Dr Abraham Nwankwo, who disclosed this in a statement recently, said that within that very small external debt, concessional debt (with average interest rate of about 1.25 per cent per annum and average tenor of about 40 years), accounted for about 80 per cent of the total.