UN warns of debt crisis as Nigeria's debt nears ₦155tr by 2025

The United Nations Conference on Trade and Development (UNCTAD) has said that countries, especially developing countries, are suffocating under debt burdens. It said that in 2023, developing countries’ external debt hit a record $11.4 trillion, or 99 per cent of their export earnings. This is even as it is projected that Nigeria’s total debt could [...]The post UN warns of debt crisis as Nigeria's debt nears ₦155tr by 2025 appeared first on The Guardian Nigeria News - Nigeria and World News.

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