• Latest
  • Trending
  • All
  • Politics
  • Economy
  • Security
  • Education
  • Sports
  • Health
  • Entertainment
  • Legal
  • Technology and Science
  • Opinion
  • Columns
  • Exposé
  • World
  • Lifestyle
President Buhari Leaves Nigeria With Legacy Of Kidnappings, Inflation, And Debt

Buhari Writes Senate To Approve New Loan Of $6.183billion

4 years ago
UN Secretary-General Pushes for Permanent African Seat on Security Council

UN Peacekeepers Escape Attack In Southern Lebanon

3 hours ago
Tems: Grammy Award Winner To Feature At Inaugural FIFA Club World Cup

Tems: Grammy Award Winner To Feature At Inaugural FIFA Club World Cup

4 hours ago
Zimbabwe Bans Export Of Lithium Used In Battery Manufacturing

Zimbabwe Bans Export Of Lithium Used In Battery Manufacturing

4 hours ago
US Wants Rwandan Troops Out Of DRC To Pave Way For Peace Deal Signing

US Wants Rwandan Troops Out Of DRC To Pave Way For Peace Deal Signing

7 hours ago
Kenya: Man Arrested Over Social Media Post Dies In Custody

Kenya: Autopsy Result Shows Blogger Was Hit, Tortured To Death

7 hours ago
Wednesday, June 11, 2025
  • About
  • Privacy Policy
Heritage Times
No Result
View All Result
Translate |
  • Login
  • Politics
    Cameroon: Police Lay Siege At Opposition Leader’s Home

    Cameroon: Police Lay Siege At Opposition Leader’s Home

    At Tanzania Summit, African Leaders Call For End To DRC Conflict

    Rwanda Exits Central African Regional Bloc Over Row With DRC

    SA: Top Official Of Jacob Zuma’s Party Sacked After Visiting Malawian Pastor Accused Of Fraud

    SA: Top Official Of Jacob Zuma’s Party Sacked After Visiting Malawian Pastor Accused Of Fraud

    Mongolia: After Weeks Of Demonstrations Over Family Lavish Lifestyles, PM Resigns

    Mongolia: After Weeks Of Demonstrations Over Family Lavish Lifestyles, PM Resigns

    Poland: Conservative Opposition Candidate Wins Presidential Election In Tight Race

    Poland: Conservative Opposition Candidate Wins Presidential Election In Tight Race

    Sudan’s New Prime Minister Disbands Caretaker Government

    Sudan’s New Prime Minister Disbands Caretaker Government

    Ivory Coast: Opposition Coalition Insists On Electoral Reforms Ahead Of Polls

    Ivory Coast: Opposition Coalition Insists On Electoral Reforms Ahead Of Polls

    Tanzania: Lawyers Seek UN Intervention Over Detention Of Opposition Leader

    Heritage Times Congratulates Dr. Sidi Ould Tah As President-Elect Of AfDB 

  • Economy
    Zimbabwe Bans Export Of Lithium Used In Battery Manufacturing

    Zimbabwe Bans Export Of Lithium Used In Battery Manufacturing

    Binance

    After His Ordeal In Nigeria, Gambaryan Has Quit His Role At Binance

    Elon Musk Loses $34 Billion Amid Clash With Trump

    Elon Musk Loses $34 Billion Amid Clash With Trump

    World Bank Seeks Stronger, Results-Focused Partnerships For Africa’s Development

    World Bank Seeks Stronger, Results-Focused Partnerships For Africa’s Development

    Uganda: Museveni Holds Talks With Elon Musk’s Starlink Executive

    World Bank Lifts Loan Restriction Placed On Uganda Over Anti-Gay Legislation

    Senegal Moves To Reduce Reliance On Foreign Lenders, Targets Improved IGR

    Senegal Moves To Reduce Reliance On Foreign Lenders, Targets Improved IGR

    South Africa's Economy Stalls With 0.1% Growth As Structural Challenges Persist

    South Africa’s Economy Stalls With 0.1% Growth As Structural Challenges Persist

    UK Civil Servants Who Used AI Saved Two Weeks A Year, Study Shows

    UK Civil Servants Who Used AI Saved Two Weeks A Year, Study Shows

    Nigerian Govt Warns Popular Car Dealer Against Mocking Civil Servants’ Ability To Afford Luxury Cars

    Nigerian Govt Warns Popular Car Dealer Against Mocking Civil Servants’ Ability To Afford Luxury Cars

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
  • Politics
    Cameroon: Police Lay Siege At Opposition Leader’s Home

    Cameroon: Police Lay Siege At Opposition Leader’s Home

    At Tanzania Summit, African Leaders Call For End To DRC Conflict

    Rwanda Exits Central African Regional Bloc Over Row With DRC

    SA: Top Official Of Jacob Zuma’s Party Sacked After Visiting Malawian Pastor Accused Of Fraud

    SA: Top Official Of Jacob Zuma’s Party Sacked After Visiting Malawian Pastor Accused Of Fraud

    Mongolia: After Weeks Of Demonstrations Over Family Lavish Lifestyles, PM Resigns

    Mongolia: After Weeks Of Demonstrations Over Family Lavish Lifestyles, PM Resigns

    Poland: Conservative Opposition Candidate Wins Presidential Election In Tight Race

    Poland: Conservative Opposition Candidate Wins Presidential Election In Tight Race

    Sudan’s New Prime Minister Disbands Caretaker Government

    Sudan’s New Prime Minister Disbands Caretaker Government

    Ivory Coast: Opposition Coalition Insists On Electoral Reforms Ahead Of Polls

    Ivory Coast: Opposition Coalition Insists On Electoral Reforms Ahead Of Polls

    Tanzania: Lawyers Seek UN Intervention Over Detention Of Opposition Leader

    Heritage Times Congratulates Dr. Sidi Ould Tah As President-Elect Of AfDB 

  • Economy
    Zimbabwe Bans Export Of Lithium Used In Battery Manufacturing

    Zimbabwe Bans Export Of Lithium Used In Battery Manufacturing

    Binance

    After His Ordeal In Nigeria, Gambaryan Has Quit His Role At Binance

    Elon Musk Loses $34 Billion Amid Clash With Trump

    Elon Musk Loses $34 Billion Amid Clash With Trump

    World Bank Seeks Stronger, Results-Focused Partnerships For Africa’s Development

    World Bank Seeks Stronger, Results-Focused Partnerships For Africa’s Development

    Uganda: Museveni Holds Talks With Elon Musk’s Starlink Executive

    World Bank Lifts Loan Restriction Placed On Uganda Over Anti-Gay Legislation

    Senegal Moves To Reduce Reliance On Foreign Lenders, Targets Improved IGR

    Senegal Moves To Reduce Reliance On Foreign Lenders, Targets Improved IGR

    South Africa's Economy Stalls With 0.1% Growth As Structural Challenges Persist

    South Africa’s Economy Stalls With 0.1% Growth As Structural Challenges Persist

    UK Civil Servants Who Used AI Saved Two Weeks A Year, Study Shows

    UK Civil Servants Who Used AI Saved Two Weeks A Year, Study Shows

    Nigerian Govt Warns Popular Car Dealer Against Mocking Civil Servants’ Ability To Afford Luxury Cars

    Nigerian Govt Warns Popular Car Dealer Against Mocking Civil Servants’ Ability To Afford Luxury Cars

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
No Result
View All Result
First with the News

Buhari Writes Senate To Approve New Loan Of $6.183billion

Nigeria’s public debt is projected to increase to 34% of GDP in 2020 from 29% in 2019 and will rise to about 36.4% in the medium term, according to the International Monetary Fund, IMF’s latest report on the country

May 18, 2021
in Politics, Top Stories
0
President Buhari Leaves Nigeria With Legacy Of Kidnappings, Inflation, And Debt

President Muhammadu Buhari.

0
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

President Muhammadu Buhari, has written to the Senate to approve a new external loan of N2,343,387,942,848.00 (about $6.183billion) for the Federal Government to finance the 2021 budget deficit.

 

Relatedreading

UN Peacekeepers Escape Attack In Southern Lebanon

Tems: Grammy Award Winner To Feature At Inaugural FIFA Club World Cup

Senate President Ahmad Lawan on Tuesday read Buhari’s letter of request on the floor of the Senate during plenary.

 

Nigeria’s public debt is projected to increase to 34% of GDP in 2020 from 29% in 2019 and will rise to about 36.4% in the medium term, according to the International Monetary Fund, IMF’s latest report on the country.

 

Interest payments as a proportion of revenues for the national government, estimated at 92.6% in 2020, is projected to decline to 60.8% this year, before rising to 94.1% of revenue by 2025, according to the IMF.

 

Recall that Edo State Governor, Godwin Obaseki had raised an alarm over the country’s rising debt profile, saying the situation is more critical now because of the huge amount borrowed to service the ailing economy.

 

“We say remove subsidy, they say no. This April, next week again, we will go to Abuja and share. By the end of this year, the total borrowing is going to be in excess of ?15 to ?16 trillion.

 

“My worry is that we will wake up one day like Argentina, the naira will be ?1,000, ?2,000 and will be moving because we don’t have money coming in. You are just borrowing, borrowing and borrowing without any means or idea of how to pay back,” he added.

Tags: 2021 BudgetMuhammadu Buhari
ShareTweetSend
Previous Post

Ibori Loot Now In FG’s Custody- Malami

Next Post

Bill Gates Acknowledges Affair With Microsoft Employee Amid Divorce Proceeding

Related Posts

UN Secretary-General Pushes for Permanent African Seat on Security Council

UN Peacekeepers Escape Attack In Southern Lebanon

June 10, 2025
Tems: Grammy Award Winner To Feature At Inaugural FIFA Club World Cup

Tems: Grammy Award Winner To Feature At Inaugural FIFA Club World Cup

June 10, 2025

Zimbabwe Bans Export Of Lithium Used In Battery Manufacturing

US Wants Rwandan Troops Out Of DRC To Pave Way For Peace Deal Signing

Kenya: Autopsy Result Shows Blogger Was Hit, Tortured To Death

Organisers Postpone U20 WAFU Tournament

Next Post
Bill Gates Pledges Most Of His $200bn Fortune To Africa

Bill Gates Acknowledges Affair With Microsoft Employee Amid Divorce Proceeding

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

AfriHeritage Magazine Issue 2 AfriHeritage Magazine Issue 2 AfriHeritage Magazine Issue 2

Updates

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
UN Secretary-General Pushes for Permanent African Seat on Security Council

UN Peacekeepers Escape Attack In Southern Lebanon

June 10, 2025
Tems: Grammy Award Winner To Feature At Inaugural FIFA Club World Cup

Tems: Grammy Award Winner To Feature At Inaugural FIFA Club World Cup

June 10, 2025
Zimbabwe Bans Export Of Lithium Used In Battery Manufacturing

Zimbabwe Bans Export Of Lithium Used In Battery Manufacturing

June 10, 2025
US Wants Rwandan Troops Out Of DRC To Pave Way For Peace Deal Signing

US Wants Rwandan Troops Out Of DRC To Pave Way For Peace Deal Signing

June 10, 2025
JESIN GAMES - AfriTrivia JESIN GAMES - AfriTrivia JESIN GAMES - AfriTrivia
ADVERTISEMENT

Most Recent

UN Peacekeepers Escape Attack In Southern Lebanon

June 10, 2025

Tems: Grammy Award Winner To Feature At Inaugural FIFA Club World Cup

June 10, 2025

Zimbabwe Bans Export Of Lithium Used In Battery Manufacturing

June 10, 2025

US Wants Rwandan Troops Out Of DRC To Pave Way For Peace Deal Signing

June 10, 2025

Kenya: Autopsy Result Shows Blogger Was Hit, Tortured To Death

June 10, 2025

Organisers Postpone U20 WAFU Tournament

June 10, 2025

Nigeria’s Rivers Hoopers Crash Out Of Africa Basketball League

June 10, 2025

‘Africa Corps’ Takes Over From Wagner As Russia Keeps Grip On Sahel Region

June 10, 2025

About

Heritage Times HT stands as a beacon of pan-African journalism, dedicated to amplyfing the rich tapestry of voices and narratives across the continent. With unwavering commitment, we illuminate the evocative essence of Africa, offering a fresh perspective that captivates our global audience.

Featured

AfDB Set For A New President, As Ould Tah Gains Continental Endorsement

How Dangote Is Turning Trump’s Trade War Into Africa’s Opportunity

Nigeria @ 64: Meet Young Luminaries Leading Social Transformation

Connect

Connect with us on social media and receive timely updates on the go.

Get Updates

  • About
  • Privacy Policy

© 2024 Heritage Times (HT) Media.

No Result
View All Result
  • Welcome
  • Politics
  • Economy
  • Security
  • Exposé
  • Education
  • Sports
  • Health
  • Entertainment
  • Legal
  • Technology and Science
  • Columns
    • Opinion
  • World
  • __________________
  • Make a Donation
  • Photo Speaks
  • Videos
  • You-Report
  • Whistleblower
  • Advertise
  • HT Events
  • About HT
  • Contact us

© 2024 Heritage Times (HT) Media.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In