Industry experts has reacted to President Buhari Mohammadu’s $6.183 billion loan request approved yesterday by the senate. Recall, Business Remarks reported that the National Assembly on Wednesday approved the request of President Muhammadu Buhari, to borrow N2.34trillion to partly finance the 2021 federal budget size of N13 trillion. This resolution …
Read More »Debt Service to Revenue Ratio Rises to 48%
The revision of the 2020 revenue framework has raised the Federal Government’s debt service to revenue ratio from the initial 29 per cent to 48 per cent. The Executive last Wednesday sent a revised 2020 budget proposal to the National Assembly following a drop in crude oil prices caused by …
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