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Ring true Email: yemi.adebowale@thisdaylive.com For most of this week, I spent quality time scrutinising the statistics of the Debt Management Office (DMO) on Nigeria’s liability portfolio in the last six years. I wanted a clear picture of how the accumulation progressed dangerously. According to the DMO, Nigeria’s total debt as of June 30, 2015 stood at N12.12 trillion. So, when Muhammadu Buhari took over as President, this country’s debt portfolio was N12.12 trillion. By December 31, 2020, the country’s debt portfolio had risen to N32.92 trillion. The most recent statist...

Ring true By yemi adebowale      08054699539 Email: yemi.adebowale@thisdaylive.com The 2021 federal budget is N13.8 trillion. It has a deficit of N5.6 trillion and this will be funded, largely, through external borrowing. Over 30 per cent of the funds for this budget 2021 will be loans. This is why President Muhammadu Buhari is asking the National Assembly to approve N2.3 trillion ($6.18 billion) external loan to enable him fund part of the 2021 budget. The loan is part of N4.6 trillion federal lawmakers had earlier approved for his government as contained in the 2021 Appropriation Act. ...

February 11, 2021 | 8:03 pm Font Size AAA THE National Grid Corp. of the Philippines (NGCP) has asked the Energy Regulatory Commission (ERC) to approve 41 capital expenditure (capex) projects which are scheduled to be built starting this year, according to documents obtained from the ERC. On Dec. 4, the NGCP filed two petitions for the immediate implementation of capex projects from its “Group 1” and “Group 3” categories, which it said will help the company maintain the reliability, security and stability of the grid. Twenty-two of the planned projects are due to ...