Tag
DEBT SERVICE
The Buhari led government has spent about $3.7 billion in foreign debt service since 2015, one of the...
Nigeria's external debt serving has hit a new height in half-year 2019 as the latest figure obtained from the [@cenbank] shows that international payment in the form of debt servicing between January and June 2019 was estimated at N263.7 billion
Nigeria's rising debt profile is fast becoming a worrisome trend. Successive governments have, over the years, spent a large chunk of the country's revenue to service debts.
As Nigerians brace up for what is widely termed "next level" in line with the ruling party's slogan, the focus will be on the performance of the economy; particularly government finance.
The impact of government's debt size on a country's growth has been widely debated and this has generated rows among economists and policymakers.
In the recently published May 2017 Central Bank Monthly report, Nigeria earned a total revenue of about N185.6...