By Seun Ibiyemi Analysis from the Budget Office has shown that Debt servicing in Nigeria gulped 64.5 percent of the Federal Government’s total revenue in 2023. Last year’s figure is higher than the 48.5 percent of total revenue that debt…
President Bola Tinubu has approved the appointment of Mr Tanimu Yakubu as the Director-General of the Budget Office of the Federation. Tinubu replaces Mr Ben Akabueze whose tenure has expired. Chief Ajuri Ngelale, Special Adviser to the President, Media and…
The Federal government has disclosed plans to borrow N9 trillion from the debt market to fund 35 percent of next year’s budget, according to the Director General of Budget of the Federation, Mr Ben Akabueze. Speaking on the sidelines of…
…Tells Lawmakers about Nigeria’s limited borrowing space Amidst the fear of Nigeria being trapped in debt ,President Muhammadu Buhari has again raised letter of request for approval to the Senate to obtain another $800 million loan from the World Bank. This…
The director general of the Budget Office of the Federation, Mr Ben Akabueze has said, there is a need for urgent and decisive measures the country must take to avert the public debt crisis among which is the removal of…
By Ibiyemi Mathew The Director General of the Budget Office, Mr Ben Akabueze, has said that the decision to pay 5% excise duty or not by telecom operators is beyond ministerial directives. Akabueze told journalists in Abuja in an interview that…
