Borrow responsibly – Debt Management Office instructs states
The Debt Management Office (DMO) has urged Nigerian states to borrow responsibly and ensure that loans are tied to clear development goals. The agency warned that unchecked borrowing could put pressure on state finances and limit the ability to fund essential services. According to the DMO, loans should only be taken when absolutely necessary and […]
Rising debt: Financial expert, Idakolo ex-rays Nigeria’s situation
Nigerians are reacting in different ways to the government’s constant borrowing, which many say has pushed the country’s external debt to concerning levels. Recently, the Senate approved President Bola Tinubu’s request to borrow more than $21 billion to support the 2025–2026 budget cycle. This move allows the government to fully implement the 2025 budget. The […]