Debt: More Nigerians resort to borrowing to survive amidst economic hardship

As economic hardship bites harder, Nigerians have devised a risky method of staying afloat amidst the difficulties by resorting to credit, some with exorbitant interest rates. Nothing corroborates this new phenomenon more than the recently released World Bank report, Global Findex 2025, which shows that almost 60% of adults in low- and middle-income economies, including [...]The post Debt: More Nigerians resort to borrowing to survive amidst economic hardship first appeared on Business Hallmark.

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