Nigeria’s N121.6trn debt exceeds 50% GDP

Dailytrust | 02-07-2024 11:37am |

PricewaterhouseCoopers International Limited (PWC) has raised the alarm that Nigeria’s public debt hit N121.67 trillion in the first quarter of 2024, saying the country’s fiscal deficit is above the 3 per cent threshold of the Fiscal Responsibility Act (FRA). PWC said the debt issuance without a commensurate rise in revenue-generating investments may hurt private investors. [...]

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