• About
  • Advertise
  • Careers
  • Contact Us
Tuesday, June 24, 2025
  • Login
No Result
View All Result
NEWSLETTER
Tech | Business | Economy
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
ADVERTISEMENT
Home News

High Debt Profile: Buhari also wants Asset, Investment Evaluations

by Justice Godfrey Okamgba
May 27, 2023
in News
1
High Debt Profile
UBA
Advertisements

President Muhammadu Buhari has highlighted the significance of factoring in Nigeria’s assets and investments while assessing the nation’s debt profile, emphasizing their integral role in the overall evaluation.

He highlighted this on Twitter this morning, saying that his administration has doubled Nigeria’s stock of infrastructure to gross domestic product (GDP) from about 20 percent to over 40 percent, which he described as a significant achievement.

This increase in infrastructure was accomplished despite challenges such as a plunge in global oil prices, a recession within the country, and a war in Europe.

President Buhari urged Nigerians to consider the assets and investment profiles that have been developed through both debt and investment income.

High Debt Profile
Advertisements
MTN ADS

He mentioned that many nations, particularly post-war Europe, have built their wealth and prosperity on infrastructure development financed through debt, which was subsequently redeemed over several decades.

He also pointed out that some of the projects undertaken in Nigeria are commercially self-liquidating, implying that they generate revenue to repay the debts incurred.

The president stressed that investing in infrastructure is crucial for the country’s development and poverty alleviation. He implied that without such investments, the path to economic progress becomes much more challenging.

Debt Profile

Nigeria will face the significant challenge of dealing with a substantial debt burden left behind by the previous administration led by President Muhammadu Buhari.

The debt amounts to over $103.11 billion (N46.25 trillion), a stark contrast to the $10.32 billion debt inherited by Buhari in 2015. In addition, Tinubu will also have to address the N22.7 trillion in Ways and Means Advances from the Central Bank of Nigeria (CBN).

The current total debt of approximately N77 trillion has had a detrimental effect on the nation’s economy, leading to widespread consequences such as increased poverty, unemployment, and a decline in the overall standard of living for the majority of citizens.

Loading

Author

  • Justice Godfrey Okamgba
    Justice Godfrey Okamgba

    View all posts
0Shares
Tags: AssetsDebtinvestment
Justice Godfrey Okamgba

Justice Godfrey Okamgba

Next Post
Apps UP Huawei weighs in some of their learnings of working with African app developers, Software career

Top Five Qualities Youth Should Strive for to Sprint into a Successful Software Career

Comments 1

  1. Pingback: High Debt Profile: Buhari also wants Asset, Investment Evaluations - News Curators

Leave a Reply Cancel reply

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

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

Visa Framework

FG Calls for Improvements on Visa Policy Framework with Qatar

2 years ago
Dare Okoudjou, Founder and CEO of MFS Africa

MFS Africa named Fintech of the Year

2 years ago

Popular News

    Connect with us

    • About
    • Advertise
    • Careers
    • Contact Us

    © 2025 TECHECONOMY.

    No Result
    View All Result
    • News
    • Tech
      • DisruptiveTECH
      • ConsumerTech
      • How To
      • TechTAINMENT
    • Business
      • Telecoms
      • Mobility
      • Environment
      • Travel
      • StartUPs
        • Chidiverse
      • TE Insights
      • Security
    • Partners
    • Economy
      • Finance
      • Fintech
      • Digital Assets
      • Personal Finance
      • Insurance
    • Features
      • IndustryINFLUENCERS
      • Guest Writer
      • EventDIARY
      • Editorial
      • Appointment
    • TECHECONOMY TV
    • Apply
    • TBS
    • BusinesSENSE For SMEs

    © 2025 TECHECONOMY.

    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
    Translate »
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.