Expanding debt without accountability: ‘Ways and Means’
Nigeria’s upper legislature has approved N23.7 trillion to be securitized, a move that raises Nigeria’s aggregate debt from N46 trillion to N70 trillion. Nigeria’s Debt-to-GDP has now risen from 23.2% to 35.1%, meaning it might need to raise its 40% debt limit in the nearest future.
by Oluseun Onigbinde
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