Experts warn of debt trap, sovereign default risk as Nigeria’s public debt surged over 1,000% in naira terms in 10 years

Financial experts are raising concerns that Nigeria could be entering a full-blown debt trap, where the government is forced to take on new loans just to service existing obligations.The post Experts warn of debt trap, sovereign default risk as Nigeria’s public debt surged over 1,000% in naira terms in 10 years appeared first on Nairametrics.

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