Debt-to-GDP ratio crosses 50% as Nigeria’s debt servicing set to surpass revenue

Tribune OnlineDebt-to-GDP ratio crosses 50% as Nigeria’s debt servicing set to surpass revenueNigeria’s debt-to-Gross Domestic Product (GD) ratio crossed 50 percent for the first time ever last week while debt servicing is set to surpass the country’s revenue. The Debt Management Office (DMO) published the country’s latest public debt figures recently. According to the DMO, Nigeria now has a public debt portfolio of N121 trillion, consisting of [...]Debt-to-GDP ratio crosses 50% as Nigeria’s debt servicing set to surpass revenueTribune Online

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