Red Flags Raised: ‘Nigeria’s Economy Threatened By Rising Debt,” – Budget Office Boss
The Budget Office of the Federation has warned about Nigeria’s limited borrowing space. The country already has a poor debt-to-revenue ratio, which may lead to financial crisis if exceeded. Despite having a low debt-to-GDP ratio, Nigeria’s debt service ratio is too high as revenue is too small to sustain its debt. EKO HOT BLOG reports … Read more