{"id":21521,"date":"2020-02-17T15:17:25","date_gmt":"2020-02-17T15:17:25","guid":{"rendered":"https:\/\/www.africa-press.com\/nigeria\/?p=21521"},"modified":"2020-02-17T15:17:25","modified_gmt":"2020-02-17T15:17:25","slug":"nigerias-n26trn-debt-will-impede-future-economic-growth-cbns-mpc-warns","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/all-news\/nigerias-n26trn-debt-will-impede-future-economic-growth-cbns-mpc-warns","title":{"rendered":"Nigeria\u2019s N26trn debt will impede future economic growth \u2013 CBN\u2019s MPC warns"},"content":{"rendered":"

MEMBERS of the Monetary Policy Committee<\/a> (MPC) of the Central Bank of Nigeria (CBN) have called on the Federal Government to reduce recurrent expenditure in order to curtail the rising trend of the nation\u2019s debt, warning that the N26 trillion debt level poses risks to future economic growth.<\/p>\n

Nigeria\u2019s total public debt rose by 17 percent year-on-year to N26.2 trillion on September 30, 2019 from N22.4 trillion on September 30, 2018.<\/p>\n

This trend, according to MPC members, is worrisome and poses significant challenge to effective management of the economy. Their views were contained in the personal statements at the last meeting of the committee held last month.<\/p>\n","protected":false},"excerpt":{"rendered":"

MEMBERS of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) have called on the Federal Government to reduce recurrent expenditure in order to curtail the rising trend of the nation\u2019s debt, warning that the N26 trillion debt level poses risks to future economic growth. Nigeria\u2019s total public debt rose by 17 […]<\/p>\n","protected":false},"author":62,"featured_media":3212,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[503,1001],"class_list":["post-21521","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-cbn","tag-federal-government"],"yoast_head":"\nNigeria\u2019s N26trn debt will impede future economic growth \u2013 CBN\u2019s MPC warns - Nigeria<\/title>\n<meta name=\"description\" content=\"MEMBERS of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) have called on the Federal Government to reduce recurrent\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/all-news\/nigerias-n26trn-debt-will-impede-future-economic-growth-cbns-mpc-warns\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nigeria\u2019s N26trn debt will impede future economic growth \u2013 CBN\u2019s MPC warns\" \/>\n<meta property=\"og:description\" content=\"MEMBERS of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) have called on the Federal Government to reduce recurrent\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/all-news\/nigerias-n26trn-debt-will-impede-future-economic-growth-cbns-mpc-warns\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2020-02-17T15:17:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/upload\/sites\/3\/2019\/01\/CBN-1062x598.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1062\" \/>\n\t<meta property=\"og:image:height\" content=\"598\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"alico\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"alico\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/nigerias-n26trn-debt-will-impede-future-economic-growth-cbns-mpc-warns#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/nigerias-n26trn-debt-will-impede-future-economic-growth-cbns-mpc-warns\"},\"author\":{\"name\":\"alico\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/50afd2ef4f0e900bd0a176404a8484a7\"},\"headline\":\"Nigeria\u2019s N26trn debt will impede future economic growth \u2013 CBN\u2019s MPC warns\",\"datePublished\":\"2020-02-17T15:17:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/nigerias-n26trn-debt-will-impede-future-economic-growth-cbns-mpc-warns\"},\"wordCount\":118,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/nigerias-n26trn-debt-will-impede-future-economic-growth-cbns-mpc-warns#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/upload\/sites\/3\/2019\/01\/CBN-1062x598.jpg\",\"keywords\":[\"CBN\",\"Federal Government\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/all-news\/nigerias-n26trn-debt-will-impede-future-economic-growth-cbns-mpc-warns#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/nigerias-n26trn-debt-will-impede-future-economic-growth-cbns-mpc-warns\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/nigerias-n26trn-debt-will-impede-future-economic-growth-cbns-mpc-warns\",\"name\":\"Nigeria\u2019s N26trn debt will impede future economic growth \u2013 CBN\u2019s MPC warns - 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