The Lagos Chamber of Commerce & Industry (LCCI) has called on the government to replace existing debt stocks with asset-linked debt to ease the debt
has called on the government to replace existing debt stocks with asset-linked debt to ease the debt servicing burden.
The director-general of LCCI, Dr. Chinyere Almona, said Nigeria’s fiscal and financial challenges have been of concern to several stakeholders including the LCCI, adding that, government has increasingly resorted to debt to finance recurrent and capital obligations in the face of dwindling revenue.“The country’s debt situation has become worrisome with debt servicing consuming a significant share of the revenue.
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.
LCCI urges government to seek value from moribund assetsWith the total value of capital importation into Nigeria declining to $875.62m in the second quarter of 2021 from $1.91bn in the first quarter
Read more »
LCCI urges government to seek value from moribund assetsWith the total value of capital importation into Nigeria declining to $875.62m in the second quarter of 2021 from $1.91bn in the first quarter
Read more »
Consumers bear burden of MDAs failure to pay N100b electricity billThe failure of Federal and state governments, as well as their ministries and agencies to pay over N100 billion outstanding electricity bills
Read more »
ipNX, USTDA Advocate Policy Harmonisation To Mitigate Data RisksipNX Nigeria and United States Trade and Development Agency, (USTDA) have stressed the need for government and private sector players to unite in purpose
Read more »
With Docu-film, hFACTOR debunks eviction narrative | The Guardian Nigeria News - Nigeria and World NewsLast week, stakeholders in the media, real estate developers, government officials, traders’ associations and social advocates converged on the National Museum, Onikan, Lagos....
Read more »
UNICEF advocates six-month maternity leave to protect children | The Guardian Nigeria News - Nigeria and World NewsThe United Nations Children’s Emergency Fund (UNICEF) Chief of Field Officer in Maiduguri, Phuong Nguyen, has advocated a six-month paid leave to facilitate exclusive breastfeeding of children in a friendly environment.
Read more »