Search results
Results From The WOW.Com Content Network
The national debt is measured as the face value of the outstanding Treasury securities at a given point in time. [1] The national debt of Nigeria is subject to a legal limit, known as the debt ceiling, which is determined by the National Assembly of Nigeria. The debt ceiling is the maximum amount of debt that the federal government can incur. [2]
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.
A senior civil servant acts as Permanent Secretary of the minister, assisting the politically appointed Minister of Finance, who is a member of the President's cabinet.. The Federal Ministry of Finance is led by the Honourable Minister of Finance and Coordinating Minister of the Economy, who serves as the chief executive officer.
Together, the two chambers form the law-making body in Nigeria, called the National Assembly, which serves as a check on the executive arm of government. The National Assembly of Nigeria (NASS) is the democratically elected body that represents the interests of the Federal Republic of Nigeria and its people, makes laws for Nigeria, and holds ...
Nigeria's goal under the National Economic Empowerment Development Strategy (NEEDS) program is to reduce inflation to the single digits. [56] By 2015, Nigeria's inflation stood at 9%. In 2005, the federal government had expenditures of US$13.54 billion but revenues of only US$12.86 billion, resulting in a budget deficit of 5%.
Nigeria's government on Wednesday pleaded for more time and patience to end economic hardships as citizens mobilise for demonstrations, a day after the country's police chief warned against protests.
Together, the two chambers form the law-making body in Nigeria, [6] called the National Assembly, which serves as a check on the executive arm of government. The National Assembly of Nigeria (NASS) is the democratically elected body that represents the interests of the Federal Republic of Nigeria and its people, makes laws for Nigeria, and ...
Abacha ruled Africa's most populous nation and top oil exporter from 1993 until his death in 1998, during which time Transparency International estimated that he took up to $5 billion of public money.