On Monday, while speaking at the opening session of the annual conference and general assembly of the West Africa Association of Public Accounts Committees (WAAPAC), Abbas highlighted that public debt can serve as a growth driver if well-managed but becomes dangerous when left unchecked. Abbas, who was represented by Julius Ihonvbere, the House Majority Leader, … Read more
The former Kogi West Senator, Dino Melaye has decried the rate of borrowing by President Bola Tinubu. Melaye said Tinubu may soon borrow from Nigeria’s leading fintech companies, Opay and Moniepoint if care was not taken. He was reacting to the concerns raised by the Speaker of the House of Representatives, Tajudeen Abbas over the … Read more
The Speaker of the House of Representatives, Abbas Tajudeen, has warned that Nigeria’s rising debt profile has exceeded the country’s legal threshold and now poses a major threat to fiscal sustainability. Abbas spoke on Monday at the opening of the 11th Annual Conference and General Assembly of the West Africa Association of Public Accounts Committees, … Read more
The China Development Bank (CDB) has granted a loan of $254.76 million (€245 million) to Nigeria to aid the ongoing construction of the Kano-Kaduna railway project, ensuring its smooth progress and completion. In a statement released on Tuesday, the bank announced that their financial contribution aims to ensure the project’s seamless execution. The Kano-Kaduna railway … Read more
