Browsing: Nigeria

“The current debt situation in Nigeria needs to be properly managed and every borrowed Naira or Dollar, carefully deployed, especially in the face of the continued dependence of the nation’s economy on exported crude oil, with its usual price volatility.

The Minister of Finance, Budget and National Planning, Zainab Ahmed has announced that the federal government has suspended its $22.7bn external borrowing plan which drew controversy weeks ago.

Nigerians spend about 14billion on generators and fuel yearly to provide alternative power and further stimulate growth, the Director in charge of Nigeria, African Development Bank (AfDB), Ebrima Faal, has said.

Nigerians woke up to the news that the first Coronavirus case has been confirmed on an Italian citizen but works in Nigeria. The victim was said to have come into Nigeria Tuesday, February 23, 2020.

Nigeria has confirmed its first case of Covid-19, our worse fear. But this is not the time to panic, the coronavirus could be highly contagious, but it is far less lethal than other infections we have successfully dealt with in the past, like SARS and Ebola. Covid-19 has only 2% death rate, with another 18 – 20% becoming critically hospitalized.