Archives Tag: Debt Relief
The Implications Of Racking Up More Government Debt In A Time Of Crisis
April 19, 2022
As the onset of the Coronavirus pandemic has sent Nigeria’s economy into dire straits, the government has once again found itself running to the International Monetary Fund (IMF) for loans tagged as Emergency Funds. Details available as of press time reveals that the IMF loan is a $3.4 billion facility with a 5 year tenor … Continue reading The Implications Of Racking Up More Government Debt In A Time Of Crisis
By adedoyin
ThrowBack Thursday: Nigeria’s Debt Relief, 2006
April 19, 2022
Nigeria, home to one in five Africans and with over 100 million people as of 2006, was once Africa’s most indebted nation. However, on 21st April 2006, as part of a chain of strategies deployed by experts to get some breathing space, Nigeria made a final payment to the 19-nation-strong Paris Club of Creditors which … Continue reading ThrowBack Thursday: Nigeria’s Debt Relief, 2006
By adedoyin
