Stella Dimoko Korkus.com: Nigeria’s Debt Reaches Critical Level....

Advertisement

Advertisement - Mobile In-Article

Monday, 21 August 2017

Nigeria’s Debt Reaches Critical Level....

The Nigeria Extractive Industries Transparency Initiative, NEITI, has expressed concern over Nigeria’s level of indebtedness, declaring that Nigeria’s debt in relation to revenues appears to have reached critical levels.





NEITI, in its latest Quarterly Review, which focused on disbursement from the Federation Accounts and Allocation Committee, FAAC, disclosed that a total of N513 billion was spent on debt servicing by the three tiers in the first quarter of 2017, compared to total disbursements of N1.276 trillion.



This means that debt servicing took up 40.27 per cent of FAAC disbursement for the first quarter of this year.

-Edited From Vanguardngr

2 comments:

  1. Even with all the loots they are recovering? APC's 2 years is like 20 years.

    ReplyDelete

Disclaimer: Comments And Opinions On Any Part Of This Website Are Opinions Of The Writers Or Anonymous Persons And They Do Not Represent The Opinions Of StellaDimokoKorkus.com

Pictures and culled stories posted on this site will be given due credit and is not the fault of StellaDimokoKorkus.com if website culled from misrepresents source of story.

If you have a complaint or a story,Please Contact StellaDimokoKorkus.com Via

Sdimokokorkus@gmail.com
Mobile Phone +4915210329280