From now till December 31, 2019, Nigeria will raise its domestic debt profile by N802. 82 billion to support the 2019 budget implementation which would elapse in barely 64 days, Debt Management Office (DMO) has said. On the other hand, it would shelve planned borrowing from the international debt market- Eurobond, for the budget, since 2019 appropriation had turned out to be a six-month fiscal operation. With the presentation of the 2020 budget proposals and the pledge by the lawmakers to give the document accelerated approval by mid-December, the 2019 budget signed five months ago would end. Director-General of DMO,…

African Development Bank on Monday said the unemployment situation in Nigeria was frightening and could become catastrophic if decent jobs were not created for the country’s youth population. It raised the concern at the regional presentation of a report entitled, ‘Creating decent jobs: Strategies, policies and instruments’, in Abuja. The report, a compilation of policy recommendations from some of the world’s leading labour and development economists, also looked at the unemployment situation in different African countries. Senior Director, Nigeria Country Department, AfDB, Mr Ebrima Faal, in an address, said Africa was currently facing a job crisis, with African Economic Outlook…