1. The Debt Management Office has said that Nigeria public debt stands at N25.7trn up by N3.32trn in one year as at the end of June 2019. It also said that while the Federal Government owed N20.42trn as at June 30, 2019, the 36 states and the Federal Capital Territory debt portfolio stood at N5.28trn.
3. The International Monetary Fund has projected that Nigeria’s Gross Domestic Product growth will remain weak in 2019. The fund stated this in its World Economic Outlook for October 2019, released at the ongoing IMF/World Bank Annual Meetings in Washington DC. 5. The meeting between the organised labour and representatives of the Federal Government have been moved till Wednesday, Oct. 16, to allow for sorting out of all grey areas of contention. It was gathered that the organised labour had shifted its earlier position from 29 per cent to 25 per cent for grade levels seven to 14, while for levels 15 to 17 now 20 per cent, which was earlier 24 percent.
7. The Peoples Democratic Party, PDP, has kicked against President Muhammadu Buhari decision to seek the permission of the Senate to approve over N10bn for Kogi State. PDP called on the National Assembly to invoke its statutory powers and directly channel the N10.069 billion Presidential funds for payment of salaries and pensions of suffering Kogi State workers.
Source: Loan Digest (loandigest.net)
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