Nigeria’s Debt-to-GDP Ratio Surpasses 50% for the First Time

Nigeria’s debt-to-GDP ratio has crossed the 50% threshold for the first time, underscoring the country’s escalating fiscal challenges, amidst growing concern about the government’s extravagant spending. The Debt Management Office (DMO) recently published the latest public debt figures, revealing a public debt portfolio of N121 trillion. This comprises a domestic debt of N65.6 trillion and [...]The post Nigeria’s Debt-to-GDP Ratio Surpasses 50% for the First Time appeared first on Tekedia.

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