Tinubu: Nigeria’s debt service-to-revenue ratio now at 50%

Sunnewsonline | 02-10-2025 01:25pm |

By Chinwendu Obienyi Nigeria has significantly reduced its debt service burden, bringing the debt service-to-revenue ratio down to around 50 per cent from a record-high 97 per cent two years ago, President Bola Tinubu said in his Independence Day broadcast on Wednesday. The development follows what he described as a decisive repayment of a large

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