Public Debt Archives - Nairametrics https://nairametrics.com/category/economy/public-debt/ Destination for Business news and analysis from Africa's largest economy Fri, 16 Aug 2024 08:55:06 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.5 https://nairametrics.com/wp-content/uploads/2021/08/cropped-cropped-favicon-1.png?resize=75,75 Public Debt Archives - Nairametrics https://nairametrics.com/category/economy/public-debt/ 32 32 201037849 Nigeria eyes $500 million World Bank loan to reduce staffing gaps in education, health sectors  https://nairametrics.com/2024/08/16/nigeria-eyes-500-million-world-bank-loan-to-reduce-staffing-gaps-in-education-health-sectors/ https://nairametrics.com/2024/08/16/nigeria-eyes-500-million-world-bank-loan-to-reduce-staffing-gaps-in-education-health-sectors/#respond Fri, 16 Aug 2024 08:55:06 +0000 https://nairametrics.com/?p=495927 Nigeria is on the verge of securing a $500 million loan from the World Bank, a significant financial boost aimed at addressing critical challenges in the country’s education and healthcare sectors. 

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]]> https://nairametrics.com/2024/08/16/nigeria-eyes-500-million-world-bank-loan-to-reduce-staffing-gaps-in-education-health-sectors/feed/ 0 495927 Nigerian states spend N139.92 billion servicing external debt in first six months of 2024  https://nairametrics.com/2024/08/12/nigerian-states-spend-n139-92-billion-servicing-external-debt-in-first-six-months-of-2024/ https://nairametrics.com/2024/08/12/nigerian-states-spend-n139-92-billion-servicing-external-debt-in-first-six-months-of-2024/#respond Mon, 12 Aug 2024 05:12:18 +0000 https://nairametrics.com/?p=495608 Nigerian states have collectively spent about N139.92 billion on servicing external debt in the first half of 2024. 

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]]> https://nairametrics.com/2024/08/12/nigerian-states-spend-n139-92-billion-servicing-external-debt-in-first-six-months-of-2024/feed/ 0 495608 SERAP gives Tinubu 7-day ultimatum to probe $1.5 billion World Bank, $3 billion Chinese loans to governors https://nairametrics.com/2024/08/11/serap-gives-tinubu-7-day-ultimatum-to-probe-1-5-billion-world-bank-3-billion-chinese-loans-to-governors/ https://nairametrics.com/2024/08/11/serap-gives-tinubu-7-day-ultimatum-to-probe-1-5-billion-world-bank-3-billion-chinese-loans-to-governors/#respond Sun, 11 Aug 2024 12:47:03 +0000 https://nairametrics.com/?p=495592 Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to “direct the Attorney General of the Federation and Minister of Justice Mr Lateef Fagbemi, SAN, and appropriate anti-corruption agencies to promptly and thoroughly investigate the spending of $1.5 billion World Bank loan obtained by the 36 states and Abuja for poverty reduction and social protection across the states.”

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]]> https://nairametrics.com/2024/08/11/serap-gives-tinubu-7-day-ultimatum-to-probe-1-5-billion-world-bank-3-billion-chinese-loans-to-governors/feed/ 0 495592 FG to sell $500 million dollar-denominated bonds, targets 200% subscription  https://nairametrics.com/2024/08/07/fg-to-sell-500-million-dollar-denominated-bonds-targets-200-subscription/ https://nairametrics.com/2024/08/07/fg-to-sell-500-million-dollar-denominated-bonds-targets-200-subscription/#respond Wed, 07 Aug 2024 05:30:23 +0000 https://nairametrics.com/?p=495364 The Federal Government of Nigeria has launched its Series I Domestic USD Bond, as it hopes to raise at least $500 million from local and international investors. 

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]]> https://nairametrics.com/2024/08/07/fg-to-sell-500-million-dollar-denominated-bonds-targets-200-subscription/feed/ 0 495364 Nigeria secures $1.25 billion electricity loans from World Bank, AfDB under Tinubu  https://nairametrics.com/2024/08/03/nigeria-secures-1-25-billion-electricity-loans-from-world-bank-afdb-under-tinubu/ https://nairametrics.com/2024/08/03/nigeria-secures-1-25-billion-electricity-loans-from-world-bank-afdb-under-tinubu/#respond Sat, 03 Aug 2024 10:02:59 +0000 https://nairametrics.com/?p=495130 Nigeria has secured at least $1.25 billion in loans from the World Bank and the African Development Bank (AfDB) to boost electricity supply under the administration of President Bola Tinubu. 

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]]> https://nairametrics.com/2024/08/03/nigeria-secures-1-25-billion-electricity-loans-from-world-bank-afdb-under-tinubu/feed/ 0 495130 AfDB approves $500 million loan to Nigeria for electricity, clean energy  https://nairametrics.com/2024/08/01/afdb-approves-500-million-loan-to-nigeria-for-electricity-clean-energy/ https://nairametrics.com/2024/08/01/afdb-approves-500-million-loan-to-nigeria-for-electricity-clean-energy/#respond Thu, 01 Aug 2024 17:16:39 +0000 https://nairametrics.com/?p=495018 The African Development Bank Group (AfDB) has approved a loan of $500 million to the Federal Republic of Nigeria. 

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]]> https://nairametrics.com/2024/08/01/afdb-approves-500-million-loan-to-nigeria-for-electricity-clean-energy/feed/ 0 495018 World Bank restructures $350 million loan to Nigeria to allow completion of seven power plants  https://nairametrics.com/2024/07/31/world-bank-restructures-350-million-loan-to-nigeria-to-allow-completion-of-seven-power-plants/ https://nairametrics.com/2024/07/31/world-bank-restructures-350-million-loan-to-nigeria-to-allow-completion-of-seven-power-plants/#respond Wed, 31 Jul 2024 12:50:17 +0000 https://nairametrics.com/?p=494862 The World Bank has restructured a $350 million loan to Nigeria to ensure the completion of seven critical power plants in educational institutions, bolstering the nation's energy infrastructure. 

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]]> https://nairametrics.com/2024/07/31/world-bank-restructures-350-million-loan-to-nigeria-to-allow-completion-of-seven-power-plants/feed/ 0 494862 Nigeria engages World Bank for $500 million loan to boost dam safety, water resource management  https://nairametrics.com/2024/07/29/nigeria-engages-world-bank-for-500-million-loan-to-boost-dam-safety-water-resource-management/ https://nairametrics.com/2024/07/29/nigeria-engages-world-bank-for-500-million-loan-to-boost-dam-safety-water-resource-management/#respond Mon, 29 Jul 2024 14:50:57 +0000 https://nairametrics.com/?p=494718 The Federal Government of Nigeria hopes to get a $500 million loan from the World Bank to enhance dam safety and improve water resource management across the nation.  

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]]> https://nairametrics.com/2024/07/29/nigeria-engages-world-bank-for-500-million-loan-to-boost-dam-safety-water-resource-management/feed/ 0 494718 FG’s revenue to debt service ratio dropped from 97% to 68% in 2024 – Wale Edun  https://nairametrics.com/2024/07/26/fgs-revenue-to-debt-service-ratio-dropped-from-97-to-68-in-2024-wale-edun/ https://nairametrics.com/2024/07/26/fgs-revenue-to-debt-service-ratio-dropped-from-97-to-68-in-2024-wale-edun/#respond Fri, 26 Jul 2024 07:57:07 +0000 https://nairametrics.com/?p=494427 The Minister of Finance, Wale Edun, has said Nigeria’s revenue to debt service ratio has declined from 97% in 2023 to 68% in 2024, indicating a reduction in the debt burden of the government.  

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]]> https://nairametrics.com/2024/07/26/fgs-revenue-to-debt-service-ratio-dropped-from-97-to-68-in-2024-wale-edun/feed/ 0 494427 Nigerian government to issue $500 million dollar-denominated domestic bond  https://nairametrics.com/2024/07/25/nigerian-government-to-issue-500-million-dollar-denominated-domestic-bond/ https://nairametrics.com/2024/07/25/nigerian-government-to-issue-500-million-dollar-denominated-domestic-bond/#respond Thu, 25 Jul 2024 15:58:05 +0000 https://nairametrics.com/?p=494403 The federal government has announced plans to issue $500 million in domestic foreign currency-denominated bonds in three to four weeks’ time. 

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]]> https://nairametrics.com/2024/07/25/nigerian-government-to-issue-500-million-dollar-denominated-domestic-bond/feed/ 0 494403 Debt service costs gulp 74% of FG’s revenue in Q1 2024  https://nairametrics.com/2024/07/22/debt-service-costs-gulp-74-of-fgs-revenue-in-q1-2024/ https://nairametrics.com/2024/07/22/debt-service-costs-gulp-74-of-fgs-revenue-in-q1-2024/#respond Mon, 22 Jul 2024 05:43:14 +0000 https://nairametrics.com/?p=494037   Debt service costs have consumed about 74% of the federal government’s retained revenue in the first quarter of 2024. 

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]]> https://nairametrics.com/2024/07/22/debt-service-costs-gulp-74-of-fgs-revenue-in-q1-2024/feed/ 0 494037 African Bond Creditors form its own version of “Paris Club” in response to Ghana’s Eurobond default https://nairametrics.com/2024/07/17/african-bond-creditors-form-its-own-version-of-paris-club-in-response-to-ghanas-eurobond-default/ https://nairametrics.com/2024/07/17/african-bond-creditors-form-its-own-version-of-paris-club-in-response-to-ghanas-eurobond-default/#respond Wed, 17 Jul 2024 08:32:19 +0000 https://nairametrics.com/?p=493625 African bondholders have, for the first time ever, come together to form a unified negotiating bloc, a decisive step towards protecting the interests of its members.

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]]> https://nairametrics.com/2024/07/17/african-bond-creditors-form-its-own-version-of-paris-club-in-response-to-ghanas-eurobond-default/feed/ 0 493625 Nigeria gets $751.88 million from recently approved World Bank loan  https://nairametrics.com/2024/07/16/nigeria-gets-751-88-million-from-recently-approved-world-bank-loan/ https://nairametrics.com/2024/07/16/nigeria-gets-751-88-million-from-recently-approved-world-bank-loan/#respond Tue, 16 Jul 2024 14:51:15 +0000 https://nairametrics.com/?p=493569 The World Bank has disbursed $751.88 million to Nigeria from a recently approved $1.5 billion loan. 

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]]> https://nairametrics.com/2024/07/16/nigeria-gets-751-88-million-from-recently-approved-world-bank-loan/feed/ 0 493569 FIRS records 170,000 new tax payers, 20% increase in compliance https://nairametrics.com/2024/07/12/firs-records-170000-new-tax-payers-20-increase-in-compliance/ https://nairametrics.com/2024/07/12/firs-records-170000-new-tax-payers-20-increase-in-compliance/#respond Fri, 12 Jul 2024 12:06:10 +0000 https://nairametrics.com/?p=493175 The Federal Inland Revenue Service (FIRS) says tax collection in the first quarter of the year increased by 56% to N3.94 trillion when compared to the N2.52 trillion it collected in the same period of last year.  

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]]> https://nairametrics.com/2024/07/12/firs-records-170000-new-tax-payers-20-increase-in-compliance/feed/ 0 493175 FG deducts N120 billion from April revenue as first tranche of Presidential Metering Initiative funding   https://nairametrics.com/2024/07/10/fg-deducts-n120-billion-from-april-revenue-as-first-tranche-of-presidential-metering-initiative-funding/ https://nairametrics.com/2024/07/10/fg-deducts-n120-billion-from-april-revenue-as-first-tranche-of-presidential-metering-initiative-funding/#respond Wed, 10 Jul 2024 16:50:17 +0000 https://nairametrics.com/?p=493003 The Federal Government has set aside N120 billion as the first tranche of the Presidential Metering Initiative (PMI). 

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]]> https://nairametrics.com/2024/07/10/fg-deducts-n120-billion-from-april-revenue-as-first-tranche-of-presidential-metering-initiative-funding/feed/ 0 493003 World Bank donates $200 million towards developmental projects in Ekiti state  https://nairametrics.com/2024/07/10/world-bank-donates-200-million-towards-developmental-projects-in-ekiti-state/ https://nairametrics.com/2024/07/10/world-bank-donates-200-million-towards-developmental-projects-in-ekiti-state/#respond Wed, 10 Jul 2024 05:26:29 +0000 https://nairametrics.com/?p=492936 The World Bank says it has committed over $200 million towards developmental projects in Ekiti State.  

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]]> https://nairametrics.com/2024/07/10/world-bank-donates-200-million-towards-developmental-projects-in-ekiti-state/feed/ 0 492936 NNPC plans to borrow another $2 billion crude oil-backed loan to boost economy – Report   https://nairametrics.com/2024/07/09/fg-plans-to-borrow-another-2-billion-crude-oil-backed-loan-to-boost-economy-report/ https://nairametrics.com/2024/07/09/fg-plans-to-borrow-another-2-billion-crude-oil-backed-loan-to-boost-economy-report/#comments Tue, 09 Jul 2024 17:47:15 +0000 https://nairametrics.com/?p=492923 The federal government is planning to borrow an additional $2 billion in crude oil-backed loans from international creditors to boost its financial inflow.

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]]> https://nairametrics.com/2024/07/09/fg-plans-to-borrow-another-2-billion-crude-oil-backed-loan-to-boost-economy-report/feed/ 1 492923 Nigeria’s debt to World Bank rises by $1.07 billion under Tinubu’s administration https://nairametrics.com/2024/07/06/nigerias-debt-to-world-bank-rises-by-1-07-billion-under-tinubus-administration/ https://nairametrics.com/2024/07/06/nigerias-debt-to-world-bank-rises-by-1-07-billion-under-tinubus-administration/#respond Sat, 06 Jul 2024 17:24:37 +0000 https://nairametrics.com/?p=492687 Nigeria's debt to the World Bank has increased by $1.07 billion under President Bola Tinubu’s administration.

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]]> https://nairametrics.com/2024/07/06/nigerias-debt-to-world-bank-rises-by-1-07-billion-under-tinubus-administration/feed/ 0 492687 World Bank may approve four more loan projects of $2 billion for Nigeria this year   https://nairametrics.com/2024/07/05/world-bank-may-approve-four-more-loan-projects-of-2-billion-for-nigeria-this-year/ https://nairametrics.com/2024/07/05/world-bank-may-approve-four-more-loan-projects-of-2-billion-for-nigeria-this-year/#respond Fri, 05 Jul 2024 10:05:49 +0000 https://nairametrics.com/?p=492622 The World Bank may approve four loan projects totalling $2 billion for Nigeria this year. 

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]]> https://nairametrics.com/2024/07/05/world-bank-may-approve-four-more-loan-projects-of-2-billion-for-nigeria-this-year/feed/ 0 492622 FG asks World Bank to cancel $41.62 million balance of COVID-19 loan  https://nairametrics.com/2024/07/04/fg-asks-world-bank-to-cancel-41-62-million-balance-of-covid-19-loan/ https://nairametrics.com/2024/07/04/fg-asks-world-bank-to-cancel-41-62-million-balance-of-covid-19-loan/#respond Thu, 04 Jul 2024 16:25:55 +0000 https://nairametrics.com/?p=492557 The Federal Government of Nigeria has formally requested the World Bank to cancel the undisbursed balance of $41.62 million from a COVID-19 loan approved in 2020. 

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]]> https://nairametrics.com/2024/07/04/fg-asks-world-bank-to-cancel-41-62-million-balance-of-covid-19-loan/feed/ 0 492557