Friday, 29th March 2024
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Debt trap

17 Mar
Former Chief Economist of the World Bank and the Dean, Institute of New Structural Economics at Peking University, Beijing, China, Professor Justin Yifu Lin, has debunked the notion of “debt trap” in the cooperation between China and Africa, describing it as a carefully crafted lie.
27 Sep 2023
African countries, including Nigeria, must re-anchor fiscal policy through a credible medium-term strategy, undertake fiscal adjustment to bring debt back to a safer level, mobilise more domestic revenue and strengthen budget institutions to improve the implementation of fiscal plans to escape the debt trap.
31 Mar 2023
In 2020, one of the reputable national newspapers in Nigeria in its editorial comment among other observations noted that Nigeria would be facing another round of fiscal headwinds this year with the mix of $83 billion debt; rising recurrent expenditure; increased cost of debt servicing; sustained fall in revenue; and about $22 billion debt plan waiting for legislative approval.

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31 mins ago
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1 hour ago
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1 hour ago
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