NIGERIA’S DEBT REACHES HISTORIC HIGHS, SPARKING MAJOR CONCERNS
Faith Nyasuguta For the first time in its history, Nigeria’s debt has become a major cause for concern. This alarming development for Africa’s largest economy is due to its increased debt-to-GDP ratio coupled with a high debt service-to-revenue ratio. A recent report published last week indicates that the country’s debt-to-GDP ratio now exceeds 50%. The […]
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