A Nigerian newspaper and Online version of the Vanguard, a daily publication in Nigeria covering Nigeria news, Niger delta, general national news, politics, business, energy, sports, entertainment, fashion,lifestyle human interest stories, etc
The Deputy Speaker of the House of Representatives, Benjamin Kalu, has expressed concern about Nigeria’s reliance on debt at 63 years of Independence anniverary.
He also said that the compliance of the provisions of Section 45 of the FRA remains crucial to the banks and other financial institutions before lending to any government of the federation. He noted that it was essential to consider the authorised borrowing limit specified in the appropriation Act and adhere to the extant provisions of Section 45.
He, however, expressed disappointment that the authorities in charge of monitoring inflow of grants into the country had no proper record of the grants. According to him, accumulation of those aids and grants are crippling the economy, which has become unbearable.
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.
Nigeria can’t be surviving on debt at 63rd Independence Anniversary — Deputy SpeakerA Nigerian newspaper and Online version of the Vanguard, a daily publication in Nigeria covering Nigeria news, Niger delta, general national news, politics, business, energy, sports, entertainment, fashion,lifestyle human interest stories, etc
Read more »
63rd anniversary: Nigerians in US honour Mohbad at Independence CarnivalThe Consul General of Nigeria in New York, Lot Egopija, in his address at the carnival, prayed to God to grant Mohbad’s soul eternal rest.
Read more »
63rd anniversary: Nigerians in U.S honour MohBad at independence carnivalA Nigerian newspaper and Online version of the Vanguard, a daily publication in Nigeria covering Nigeria news, Niger delta, general national news, politics, business, energy, sports, entertainment, fashion,lifestyle human interest stories, etc
Read more »
FEPSGA: Gaidam Lauds Team Police Affairs FeatFederation of Public Service Games (FEPSGA) for the month of September 2023, marking Nigeria\u2019s 63rd Independence anniversary.
Read more »
Nigeria At 63: Hollandia Sparks Dairy Power Excitement\u00a0To commemorate Nigeria\u2019s 63rd Independence anniversary, Leading Dairy brand, Hollandia hosted an immersive event through its 'Stay Ahead with Dairy Power'
Read more »
Nigeria can’t be surviving on debt at 63 years of Independence – KaluBenjamin Kalu, the Deputy Speaker of the House of Representatives has expressed concern about Nigeria’s reliance on debt. Speaking at a stakeholders’ dialogue on the implementation of Section 45 of the Fiscal Responsibility Act, on Saturday in Lagos, Kalu said Nigeria needs to be self-sufficient and independent instead of relying on loans. Kalu, represented by
Read more »