1 week ago Why borrowing continues despite Nigeria’s 411% revenue growth –FIRS

From Juliana Taiwo-Obalonye, Abuja Chairman, Federal Inland Revenue Service (FIRS), Zacch Adedeji has said even though the Federal Government has seen a remarkable surge in revenue collection, growing by 411 percent over 16 months to N3.64 trillion as of September 2025, borrowing still remains an essential tool, but now focused strictly on funding growth and […] The post Why borrowing continues despite Nigeria’s 411% revenue growth –FIRS appeared first on The Sun Nigeria.

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1 week ago Why borrowing continues despite Nigeria’s 411% revenue growth – Adedeji

From Juliana Taiwo-Obalonye, Abuja Nigeria’s federal government has seen a remarkable surge in revenue collection, growing by 411% over 16 months to ₦3.64 trillion as of September 2025, but borrowing remains an essential tool—now focused strictly on funding growth and infrastructure, rather than recurrent expenses, the Chairman, Federal Inland Revenue Service (FIRS), Zacch Adedeji has […] The post Why borrowing continues despite Nigeria’s 411% revenue growth – Adedeji appeared first on The Sun Nigeria.

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2 w. ago Nigeria, South Africa, Kenya Hit By High Borrowing Costs — Moody’s

Although economies in the region face ever-rising funding needs to keep development and growth on track, they have to contend with high interest rates compared with their advanced counterparts. The post Nigeria, South Africa, Kenya Hit By High Borrowing Costs — Moody’s appeared first on Channels Television.

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3 w. ago Stop Tinubu’s Reckless Borrowing, Labour Party Tells NASS Leaders

The Labour Party, LP, has urged the leadership of the National Assembly to reject President Bola Tinubu’s fresh borrowing request. The party warned that Nigeria’s debt profile has reached a dangerous level and called for urgent action to prevent further economic instability. In a statement issued in Abuja on Tuesday, the Interim National Publicity Secretary […] The post Stop Tinubu’s Reckless Borrowing, Labour Party Tells NASS Leaders appeared first on Information Nigeria.

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3 w. ago Presidency clarifies: Nigeria’s borrowing prudent economic policy, not recklessness

From Juliana Taiwo-Obalonye, Abuja The Presidency has defended Nigeria’s rising debt levels, emphasising that borrowing is a necessary and strategic tool for economic development rather than a sign of financial imprudence. Special Adviser to President Tinubu on Media and Public Communication, Sunday Dare, responded on his official X account @SundayDareSD to criticisms from former senator […] The post Presidency clarifies: Nigeria’s borrowing prudent economic policy, not recklessness appeared first on The Sun Nigeria.

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3 w. ago Tinubu Might Soon Turn To Loan Apps For Borrowing – Dino Melaye

Former Kogi West Senator, Dino Melaye, has strongly criticised President Bola Ahmed Tinubu’s administration, accusing it of reckless borrowing and wasteful spending despite Nigeria’s economic challenges. Speaking during an interview on Arise Television, Melaye warned that if the borrowing trend continues unchecked, the government might soon be forced to seek loans from local fintech platforms. […] The post Tinubu Might Soon Turn To Loan Apps For Borrowing – Dino Melaye appeared first on Information Nigeria.

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3 w. ago “I Didn’t Want Nigeria To Happen To Me” — Melaye Breaks Silence After Months Of Inactivity

Former Kogi West Senator, Dino Melaye, has explained his recent silence in Nigeria’s political space. Speaking on Monday, during an interview on Arise Television’s programme Prime Time, Melaye disclosed that his quietness was deliberate as he focused on furthering his education. The former lawmaker revealed that he had returned to school, a decision that demanded […] The post “I Didn’t Want Nigeria To Happen To Me” — Melaye Breaks Silence After Months Of Inactivity appeared first on Information Nigeria.

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3 w. ago Presidency Fires Back At Dino Melaye For Criticising Debt Profile Under Tinubu

The Presidency has dismissed remarks by former Kogi West Senator, Dino Melaye, on Nigeria’s rising debt profile, describing them as “entertainment, and not enlightenment.” Recall that Melaye, during an interview on Arise News Channel’s Prime Time show on Monday evening, mocked the Tinubu administration’s borrowing practices, alleging that the situation had become so dire that […]

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3 w. ago PDP Dead, Controlled By APC Agents From Aso Villa – Dino Melaye

Former Kogi West Senator, Dino Melaye, has declared that the Peoples Democratic Party (PDP) is “dead and buried.” He alleged that the opposition party is now being controlled by agents of the All Progressives Congress (APC) operating from the Presidential Villa. Speaking on Prime Time, an Arise Television programme, on Monday, Melaye, a key member of […] The post PDP Dead, Controlled By APC Agents From Aso Villa – Dino Melaye appeared first on Information Nigeria.

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3 w. ago Tinubu govt may soon borrow from Opay, Moniepoint, says Dino Melaye

By Seyi Babalola Dino Melaye, a former Kogi West senator, has criticised President Bola Tinubu’s borrowing rate. Melaye warned Tinubu that if caution is not exercised, he may soon borrow from Nigeria’s premier fintech companies, Opay and Moniepoint. He was responding to concerns voiced by Tajudeen Abbas, Speaker of the House of Representatives, about Tinubu’s […] The post Tinubu govt may soon borrow from Opay, Moniepoint, says Dino Melaye appeared first on The Sun Nigeria.

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3 w. ago Nigeria’s Debt Alarming, We Must Reject Reckless Borrowing – Abbas

The Speaker of the House of Representatives, Abbas Tajudeen, has raised alarm over Nigeria’s mounting debt. He warned that it has surpassed the country’s legal threshold and poses a significant risk to fiscal stability. Speaking on Monday at the opening of the 11th Annual Conference and General Assembly of the West Africa Association of Public […] The post Nigeria’s Debt Alarming, We Must Reject Reckless Borrowing – Abbas appeared first on Information Nigeria.

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3 w. ago Manufacturing sector sees decline in credit utilisation —Investment Banker

Tribune Online Manufacturing sector sees decline in credit utilisation —Investment Banker The manufacturing sector’s share of total credit utilization fell to 13.1 percent in the first quarter of 2025, representing N7.7 trillion, down from N8.5 trillion in the fourth quarter of 2024. Investment bankers attribute the decline to accelerated loan repayments, delayed capital projects, and the high-interest rate environment that continues to weigh on borrowing appetite. […] Manufacturing sector sees decline in credit utilisation —Investment Banker Tribune Online

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