Nigeria Debt Figures
4 articles from 1 country
Nigeria's Finance Minister Taiwo Oyedele stated the nation has not borrowed up to 80 trillion naira, attributing the debt surge to naira depreciation and legacy liabilities rather than new borrowing. He also reported a 49% increase in tax revenue.
Oyedele: Tinubu Hasn’t Borrowed Up to N80trn, Blames Debt Rise on FX, Legacy Liabilities
- Nigeria's Finance Minister Taiwo Oyedele defended President Bola Tinubu's borrowing record, stating the nation has not borrowed up to 80 trillion naira. - Oyedele attributed the rise in debt to foreign exchange fluctuations and legacy liabilities, not new borrowing by the current administration. - He emphasized that the current government inherited significant financial challenges and is working…
Naira depreciation, not fresh borrowing, drove debt surge — Oyedele
- Nigeria's public debt surge is primarily due to naira depreciation and accounting adjustments, not extensive new borrowing, according to the Finance Minister. - Exchange-rate revaluation alone incre…
Nigeria's Finance Minister: Debt rise driven by exchange rate, not new borrowing; tax revenue up 49%
- Nigeria's Finance Minister defended the administration's borrowing record, stating the Federal Government has not borrowed N75-N80 trillion as perceived. - He explained that the rise in public debt …
Nigeria's Debt Figures Inflated, Tinubu Administration Has Not Borrowed ₦80 Trillion
- Nigeria's Finance Minister Taiwo Oyedele dismissed claims that President Bola Tinubu's administration borrowed ₦80 trillion in its first three years. - Oyedele explained that debt figures were infla…
