Philip Shimnom Clement

1 month ago | allafrica.com | Itodo Daniel Sule |Saawua Terzungwe |Philip Shimnom Clement

Nigeria's public debt profile will rise to N162.025 trillion as President Bola Ahmed Tinubu has sought the National Assembly's approval for fresh loans'. The president requested the legislature to approve new borrowing plans totaling $21.5 billion, along with €2.19 billion, 15 billion Japanese yen and a €65 million grant, as part of the federal government's 2025-2026 borrowing framework.

1 month ago | allafrica.com | Abbas Jimoh |Philip Shimnom Clement

The World Bank has raised a fresh concern over the rising poverty in Nigeria, saying that a staggering 75.5 per cent of rural dwellers live below the poverty line. The World Bank stated this in its latest April 2025 Poverty and Equity Brief for Nigeria which was obtained yesterday.