Okonjo-Iweala Warns FG To Keep Public Debt Within Sensible Limits

Dr. Ngozi Okonjo-Iweala, the Director-General of the World Trade Organization (WTO), has cautioned against exceeding sensible limits for public debt as a percentage of GDP, stressing that Nigeria’s debt-to-GDP ratio should remain well below 40%. She added that debt service to revenue should not exceed 33% to avoid crowding out essential operational and capital expenditures. [...]

Read More