Nigeria borrowing to pay debts, Finance minister, Oyedele, explains increase in nation’s dept

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Minister of finance and coordinating minister of the economy, Taiwo Oyedele, has explained that the sharp increase in Nigeria’s dept profile was mostly due to depreciation of the naira, and not necessarily from fresh borrowings by the Federal Government. Oyedele made the clarification on Monday while addressing the Senate committee on finance on the state […]

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