Nigerian banks are charging an average interest rate of between 4 percent and 36 percent on loans given to customers in various sectors of the economy, especially agriculture and forestry, manufacturing and…
Tag: borrowing
Akin Ogunbiyi: To save economy, Nigeria should stop borrowing to fund recurrent expenditure
The Chairman, Mutual Benefits Assurance Plc, Dr. Akin Ogunbiyi, in this interview with ONYEDIKA AGBEDO, says that allowing states to control resources within their domains will pave the way for economic growth….
FG Is Borrowing For No Good Reason – Peter Obi
Peter Obi, a former vice presidential candidate of the Peoples Democratic Party, PDP, has said Nigerians are getting poorer because the Federal government is borrowing for the wrong reasons. …