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The Nigeria national debt or simply national debt of Nigeria is the total amount of money that the Federal Government of Nigeria owes to its creditors, both domestic and external. The national debt is composed of two main components: debt held by the public and debt held by government accounts.
The committee evaluates loan requests, scrutinizes their potential impact on Nigeria's debt profile, and makes recommendations to the House. [ 2 ] As of January 2025, the committee is chaired by Honourable Abubakar Hassan Nalaraba , with Honourable Lanre Okunlola serving as the deputy chairman.
[1]: 81 A debt instrument is a financial claim that requires payment of interest and/or principal by the debtor to the creditor in the future. Examples include debt securities (such as bonds and bills), loans, and government employee pension obligations. [1]: 207 Net debt equals gross debt minus financial assets that are debt instruments.
The Nigeria Union of Local Government Employees (NULGE) is a trade union representing municipal workers in Nigeria. The union was founded in 1978, when the Government of Nigeria merged the following unions: [1] Amalgamated Union of County and District Council Labourers of Nigeria; L. C. C. Mechanical, Clerical and Allied Workers' Union ...
The Debt Management Office (DMO) is a government agency established on 4 October 2000, tasked with centralizing the management of Nigeria's debt. [1] It was created in response to challenges in Nigeria's debt portfolio, which included high external and domestic debt, substantial debt service, low external reserves, and weak debt management capacity.
The union was founded in 1996, when the government of Nigeria merged the Civil Service Technical Workers' Union with the National Union of Public Corporations and the Recreational Services Employees' Union. Like all its predecessors, it affiliated to the Nigeria Labour Congress, and by 2005 it had 85,000 members. [1] [2]
The National Union of Banks, Insurance and Financial Institution Employees (NUBIFIE) is a trade union representing workers in the finance industry in Nigeria.. The union was founded in 1978, when the Government of Nigeria merged nine unions: [1]
Statutorily and administratively, the FIRS has the responsibility for the assessment, collection and accounting of taxes to the Government: [9] The timely provision and publication of accurate data and annual reports to the Federal Government of Nigeria and other stakeholders to inform national economic planning, academic research, tax policy and development legislation [10]