Nigeria’s foreign debts

18 Feb

Nigeria’s debt profile at the end of last year stands at $3.97 billion, the Minister of Finance, Mansur Mukhtar said yesterday at the beginning of a two-day public hearing on the loans and debt collected by federal and state governments organised by an ad-hoc committee of the House of Representatives in Abuja.

Mr Mukhtar said out of the amount, the federal government owes $2.093 billion while state governments owe $1.85 billion.

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  • Ayo Ojebode

    Oh! You mean we have accumulated this much again–so soon after our celebrated debt forgiveness?

  • Ayo Ojebode

    Oh! You mean we have accumulated this much again–so soon after our celebrated debt forgiveness?

  • codliveroil

    When the Obasanjo administration was in charge, the idea of wiping out the foreign debt was sold to the public. Now the government, is emerging with all sorts of qualifying statements for the seemingly apparent increase in foreign debt.

    It seems that is a creeping slide back to the back old days. When no one actually knew what the foreign debt was because loans had been accumulated all over the place under various guises by various rulers, and many (debts) weren’t revealed.

    People should open their eyes (to the antics of those in charge, ie at all levels of government), because it appears they will be sold down the river again…Or else be permanently consigned to living in a nation that is a “write-off, by the rest of the world.

  • codliveroil

    When the Obasanjo administration was in charge, the idea of wiping out the foreign debt was sold to the public. Now the government, is emerging with all sorts of qualifying statements for the seemingly apparent increase in foreign debt.

    It seems that is a creeping slide back to the back old days. When no one actually knew what the foreign debt was because loans had been accumulated all over the place under various guises by various rulers, and many (debts) weren’t revealed.

    People should open their eyes (to the antics of those in charge, ie at all levels of government), because it appears they will be sold down the river again…Or else be permanently consigned to living in a nation that is a “write-off, by the rest of the world.