Browsing: Abraham Nwankwo

Speaking on the topic: “Sapping Africa’s Debt Financing Strategy: Removing Some Mental Cobwebs,” at the Fourth London Stock Exchange Africa Advisory Group Meeting in Nairobi, Kenya, Nwankwo said such a transformation plan is needed as a formal policy document, narrating how debt financing will be applied to launch economy unto a trajectory of self-sustaining prosperity; with credible macroeconomic figures at the beginning, intermediate and concluding stages: GDP figures, inflation, interest rates, exchange rates, reserve position, etc.

A former Head of Service under the Aregbesola administration, Elder Segun Akinwusi, who is the candidate of the Social Democratic Party in the August 9, 2014 governorship election in the state, had equally built and sustained his campaign for the governorship seat on the claim that Osun State Government owes over N350 billion

Nwankwo, who confirmed the figure while appearing before the National Conference Committee on Public Finance, said the amount was as at March 2014, adding that 32 per cent of the debt external is owed by states, while 68 per cent is owed by the Federal Government