Author: Abdoulaye Kay

“And to the Deputy Governor of Sokoto, I have a simple message for you, Yes, the Sultan is the Sultan of Sokoto, but he is much more than that; he represents an idea, he is an institution that all of us in this country need to jealousy guard, protect, promote, preserve and project for the growth of our nation.”

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“Tighter monetary conditions are pushing government interest rates for local currency borrowing to higher levels, from an average of 12.8% in 2023 to 19.7% between January and May 2024. As the government is predominantly borrowing in domestic markets, this will have a significant impact on interest spending, which we expect will increase by 1 percentage of GDP in 2024 and consume 36% of government revenue.” 

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