Worries as Nigeria’s debt to GDP ratio crosses 50% for the first time

Worrying signs have emerged as Nigeria’s debt-to-Gross Domestic Product (GDP) ratio crossed 50% for the first time ever last week. The Debt Management Office (DMO) revealed this in a data released during the period. The debt-to-GDP ratio is the metric used for measuring a country’s public debt to its GDP. According to the DMO, Nigeria [...]The post Worries as Nigeria’s debt to GDP ratio crosses 50% for the first time appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

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