‘We’ve not defaulted in debt repayment’ – Ahmed says Nigeria not broke | TheCable

the federal government’s retained revenue by N310 billion in the first four months of 2022.

Ahmed had disclosed this while presenting the 2022 fiscal performance report for the period, saying that the federal government’s total revenue was N1.63 trillion, whileShe advised that urgent action was required to address “revenue underperformance and expenditure efficiency at national and sub-national levels”., in his analysis of Nigeria’s debt profile, said the external debt levels stand at N16.61 trillion or $40 billion.

The minister noted that the country continues to disburse funds to the three tiers of government from the Federation Accounts Allocation Committee . She said the federal government has since 2015 disbursed N5.04 trillion to state governments, disclosing that the non-oil sector drives the country’s economy more than the oil sector owing to vandalism of infrastructure.

Ahmed further said oil production is increasing, stressing that as at October 2022, it soared to 1.4 million barrels per day.Advertisement

Source: News Formal (newsformal.com)

ZShamsuna Nigerians will know whether you have defaulted in your debts repayment or not when the Presidential jets are impounded overseas due to accumulated humongous debts. Nigerians are waiting and watching.

ZShamsuna Yeah right.... Nigeria:- A nation that borrows to pay the salaries of its civil servants. 😎

ZShamsuna Yeah we know Nigeria is not broke and that's why y'all milking her through debts

ZShamsuna How can you default in debt repayment when you borrow to pay the debts

ZShamsuna He that chase 2 Rabbits at the same time will end up catching none. Tinubu is sick & unwell, you cannot vote for him & expect him to perform high like healthy Peter Obi,It won't work. Use your Votes chase for Peter Obi put him in power, at the end, you loose nothing. Be Obidient

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Zainab Ahmed: N206bn in humanitarian affairs ministry's budget wrongly coded NOT budget padding | TheCableZainab Ahmed, minister of finance, budget and national planning, says N206 billion captured in the ministry of humanitarian affairs’ 2023 budget proposal was wrongly coded by the Budget Office. In ZShamsuna FinMinNigeria HouseNGR FMHDSD They don come with another terminology oooo, coded not padded Hmmmmm ZShamsuna FinMinNigeria HouseNGR FMHDSD In a sane environment, this incompetent woman should have been sacked. But because we parade the unqualified in our own environment, anything can happen. She has been incompetent from day one. ZShamsuna FinMinNigeria HouseNGR FMHDSD I expect this woman to be dragged more than Dezieni Alison Maduekwe
Source: thecableng - 🏆 2. / 80 Read more »

Migrants found on ship which arrived from Nigeria will be deported, say Spanish police | TheCableThe Spanish police say the migrants found on the rudder of a ship that arrived in the Canary Islands from Nigeria will be deported.
Source: thecableng - 🏆 2. / 80 Read more »

BAT Nigeria receives recognition from CIPM: Wins HR best practice award and three others | TheCableBritish American Tobacco (BAT) Nigeria was the star of the HR Oscars Awards Ceremony organized by the apex regulatory body for Human Resource Management practice in Nigeria, the Chartered Institute of
Source: thecableng - 🏆 2. / 80 Read more »

Nigeria yet to achieve 70% COVID vaccine coverage, says NPHCDA | TheCableThe National Primary Health Care Development Agency (NPHCDA) says Nigeria is yet to achieve 70 percent coverage for COVID-19 vaccination. Speaking on Tuesday in an interview with NAN, Faisal Shuaib,
Source: thecableng - 🏆 2. / 80 Read more »

NGO: Poor quality control, inadequate research funding affecting seed production in Nigeria | TheCableThe African Seed Access Index says quality control and inadequate funding of research institutions remain are challenges affecting seed production in Nigeria.
Source: thecableng - 🏆 2. / 80 Read more »

CINQTECH Nigeria Limited bags ISO 9001 2015 certification | TheCableCINQTECH Nigeria Limited, a foremost indigenous procurement, IT, and engineering service company, has bagged ISO 9001, 2015 certification in recognition of its operational, management, and organizational effectiveness, which aligns with
Source: thecableng - 🏆 2. / 80 Read more »