Debt Relief And Imperative Of Economic Transformation In Nigeria – Independent Newspaper Nigeria

0 Nigeria stands at a critical economic crossroads. Barely two decades after securing a landmark debt relief package from the Paris Club under the administration of former President Olusegun Obasanjo, the country once again finds itself burdened by mounting debt obligations. This reality raises an important question: Should Nigeria seek debt relief again? The answer…

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Debt is nothing to be ashamed of. It’s time to end the stigma

The gap matters because it points to something counterintuitive: in communities where financial hardship is most common, it can paradoxically become a source of private shame rather than a shared experience that warrants collective support.   In these environments, asking for help becomes emotionally loaded. People worry about being judged by their employers, neighbours or…

Monetisation of assets helps NHAI pare debt

NEW DELHI: Accelerated monetisation of highway assets has enabled the NHAI to prepay loans of over Rs 1.2 lakh crore and repay another Rs 31,300 crore since March 2022, reducing its overall debt to just under Rs 2 lakh crore, according to govt data.NHAI’s debt had touched an all-time high of Rs 3.5 lakh crore…

‘We know where you live’: convicted criminal allegedly ran brutal gambling empire fro

A serious indictment was filed Monday against 10 defendants accused of operating a gray-market lending, protection and gambling network in Migdal HaEmek, allegedly directed by convicted criminal Assaf Buskila from a public telephone inside Shata Prison. Buskila, who is serving an eight-year sentence for involvement in two attempted underworld killings, allegedly ran the operation with…