The states, which include Benue, Cross Rivers, Katsina, Niger, Plateau, Rivers, Zamfara, and the Federal Capital Territory, got N115.57 billion from domestic creditors, while the governors of Ebonyi, Kaduna, Kano, Niger, Plateau, Sokoto, Taraba, and Zamfara states borrowed $125.1 million (N111.24 billion) from external sources.
Browsing: foreign loans
The big issue, Prof. Ekekwe lamented, was the borrowing of “$billions from US banks, and securing/collateralizing the loans with the national foreign reserves or other asset classes, without informing the Nigerian people and the National Assembly.”
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, says the borrowing level for Nigeria is still at…
A civil rights advocacy group, Human Rights Writers Association of Nigeria, HURIWA, has asked President Muhammadu Buhari, to rename the…