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Director-General of the Budget Office of the Federation, Mr Tanimu Yakubu, says President Bola Tinubu’s economic reforms, widely referred to as Tinubunomics, were never designed or presented as a guarantee of instant abundance. Yakubu, in a statement on Sunday, said critics were drawing the wrong conclusions about the expected pace and nature of the reforms, […]
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THE World Bank will approve $1.506 billion loan for Nigeria in December 2025, according to Economy Post findings from the global lender. This is even as debt binge persists in Africa’s biggest oil producer. The loan will be in 3 tranches and will focus on 3 different areas: job creation and investment, small businesses, and […]
IN just 28 months, President Bola Tinubu has borrowed at least N18.24 trillion more than his predecessor, Mr Muhammadu Buhari, now late, did in his entire 8 years in office, Economy Post‘s tracker has found. In his entire 8 years in Aso Rock, Mr Buhari borrowed N75.26 trillion from various sources, including from China, but […]
NIGERIA now owes domestic and foreign lenders more than half its gross domestic product (GDP), according to data released on Monday by the Debt Management Office (DMO), an agency of the Nigerian government. Nigeria’s debt-to-GDP ratio stood at 52.3 percent as of the end of 2024 as against 41 percent by the end of 2013, […]