INTERNATIONAL Monetary Fund (IMF) forecasters have slightly increased Nigeria’s growth prospects to 2.6% and 2.7% for 2021 and 2022 respectively amid signs that the economy has now overcome the worst of the coronavirus pandemic.
Following the impact of the Covid-19 crisis, Nigeria suffered from negative economic growth,...
WORLD Bank officials have revealed that Nigeria and some other countries refused to participate in a temporary suspension of debt service payments due to concerns about future access to finance and credit-rating downgrades.
Like many other developing nations, Nigeria has seen her debts balloon due to the coronavirus pandemic...
NIGERIA spent a total of N445.4bn ($1.08bn) on debt servicing during the second quarter of 2021 according to statistics just published by the Debt Management Office (DMO) which show a massive increase in borrowing to fund the government's budget.
Hit hard by the coronavirus pandemic, Nigeria has had to borrow heavily over...
AFRICAN Development Bank (AfDB) is planning to mobilise $520m to co-finance the first phase of an ambitious special agricultural processing programme in Nigeria aimed at boosting farm output.
Designed to be part of a major economic diversification plan that involves the founding of special agro-industrial processing zones,...
NIGERIA'S high commissioner to the UK Chief Sarafa Ishola recently hosted the victorious Embassy Team that won the Ambassadors Cup involving all the diplomatic missions in Britain after they beat Spain in the final.
After a gruelling tournament that involved the numerous diplomatic missions in the UK, the Nigerian team...
Ayo Akinfe
As we recover from Covid-19, our debate over the next year simply has to focus on how to raise the needed capital to fund Nigeria’s infrastructural requirements. Anything else is just window dressing as our biggest headache as a country is that we do not generate enough wealth to meet our needs. Realistically, we face...
NIGERIA'S federal government has conceded that it needs to find a sum total of $2.3trn to fund its national integrated infrastructural masterplan if it wants to bring public facilities up to scratch.
Reeling from the effects of woeful infrastructure, Nigeria lacks many basic amenities to kickstart its economy including...
SENATE president Senator Ahmad Lawan has revealed that Nigeria has no option than to keep borrowing money to fund infrastructural projects because the country is poor and does not generate enough wealth internally.
As of December 2020, Nigeria's public debt was N32.9trn ($86.3bn) according to the official data from the Debt...
AFRICAN Development Bank (AfDB) officials have announced that they intend to spend $2bn on African Continental Free Trade Area (Afcfta) related infrastructure over the next two years.
Founded in 2018, Afcfta is the largest free trade area in the world in terms of the number of participating countries since the formation of...
AFRICAN Development Bank (AfDB) officials have promised that the $430m Enugu to Bamenda highway linking Nigeria and Cameroon by road will be completed later this year opening up the economies of both countries to each other.
Despite being neighbours, transportation links between Nigeria and Cameroon are very poor, inhibiting...
