The Borrowing Spree And The Dangers Ahead!

The recent revelation made by the Cen­tral Bank of Nigeria (CBN) that the huge sum of $15.55bn was used for debt servic­ing over the past five years, at a time it has been made public that the President Ahmed Tinubu-led administration has so far borrowed N20.9trn from bonds within a year, is startling and worrisome. [...]

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