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Article Spotlight		NIGERIA RISING DOMESTIC DEBT PROFILE - By Onike Rahaman,
As Nigeria security challenges persist unabated, the Federal Government also seems helpless in tackling the nation’s rising domestic debts profile. As the debt continues to rise at unprecedented rate, and even more drastically in the recent time, the nation’s image is becoming dented. It is regretted that the Federal Government had failed woefully in efforts to reduce the nation’s debt profile. Statistics obtained from the Debt Management Office indicates that the domestic debts had increased from ₦5.966 trillion ($37.71 billion) at the end of the first quarter ended March 31, 2012, to ₦6.153 trillion ($38.89 billion) at the end of the second quarter ended June 30, 2012. Indeed, the figures represent an increase of ₦187 billion or three per cent over the figure recorded in the first quarter   »Read Full Article
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Nigeria - A brief Overview
Nigeria is located in west Africa between longitude 2-15 East of the meridian and latitude 4-14 North of the equator. The landmass is 923,768 square kilometer,  98.59 percent is land area while, 1.41 percent is water. It has a typical tropical climate at the coast, sub-tropics for the inlands and has 2 clearly defined seasons - the raining season ( April - October) and the dry season (November - March). The country is divided into three regions by the river Niger and it's tributary and the Benue. It is richly blessed with abundant natural resources which includes petroleum, natural gas, iron, tin, limestone, a lot of arable land and more. Nigeria has 36 states, one federal capital territory and is the most populous country in Africa. It has an estimated population of 140,003,542 people, with male preponderance, based on the 2006 population census.      Join Nigerian Social Network! Custom Search