Tinubu’s UK visit: Nothing to gain except sumptuous banquet, glamorous reception – Economist
An economist, Prof. Akpan Ekpo, has criticized the recent Nigeria-UK port agreement, arguing it primarily benefits the British economy. Speaking on Arise TV, he warned that the deal would favor the UK’s steel industry and banks while increasing Nigeria’s debt burden. Ekpo added that most of the equipment for port rehabilitation would come from the […]
Tinubu’s government may soon start borrowing from Opay and Moniepoint very soon – Dino Melaye
Former senator Dino Melaye has criticized President Bola Tinubu’s administration, saying that at the current borrowing pace, the government might soon seek loans from Nigerian fintech firms like Opay and Moniepoint. In an interview on ARISE Television, Melaye accused the Tinubu government of making hunger and poverty worse, despite taking billions of dollars in foreign […]
TI Nigeria’s Rafsanjani calls for debt cancellation
Auwal Rafsanjani, who leads the Civil Society Legislative Advocacy Centre (CISLAC) and Transparency International Nigeria, has asked for the cancellation of certain debts that he believes are harmful and not fair. He made this demand during the Financing for Development Conference in Spain, which took place from June 30 to July 3, 2025. At the […]
Finance ministry defends Tinubu’s $21.5bn borrowing request, says it won’t lead to automatic debt increase
The Nigerian Finance Ministry has said that President Bola Tinubu’s recent plan to borrow $21.5 billion from outside the country does not mean Nigeria’s debt will automatically go up. On May 27, President Tinubu asked the National Assembly for permission to borrow $21.5 billion. He also requested to issue government bonds worth about N758 billion. […]
Obasanjo: Nigeria’s Growing Debt is a Burden for Today and Future Generations
Former President Olusegun Obasanjo has raised a red flag about Nigeria’s escalating debt, which he says is becoming a heavy burden for both the current and future generations. Speaking during a Zoom interactive session called “Boiling Point Arena,” Obasanjo shared his worries about the country’s growing debt. According to reports, Nigeria’s debt increased by N12.6 […]
Nigeria’s Reforms Struggling to Make Impact, IMF Report Suggests
Nigeria’s ongoing economic reforms are still facing challenges, according to the latest report from the International Monetary Fund (IMF). Nearly 18 months after these reforms began, Nigeria’s growth rate remains below the regional average for Sub-Saharan Africa. The IMF’s report highlights that inflation, exchange rates, and debt burdens continue to hold back the country’s economic […]