Nigeria’s Debt Servicing To Gulp 123% Of 2023 Revenue
Dec 12, 2022 ·
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Description
The World Bank has projected that debt servicing will gulp 123.4 percent of the Federal Government’s revenue in 2023. A presentation by the new World Bank Lead Economist for Nigeria,...
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The World Bank has projected that debt servicing will gulp 123.4 percent of the Federal Government’s revenue in 2023.
A presentation by the new World Bank Lead Economist for Nigeria, Alex Sienaert, projected that debt servicing would gulp 100.2 percent of Federal Government revenue by the end of 2022.
The Washington-based bank says that Nigeria’s debt service to revenue ratio could stand at 102.3 percent by the end of 2022.
It described the public debt in Nigeria as concerning due to the rising debt service-to-revenue ratio.
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A presentation by the new World Bank Lead Economist for Nigeria, Alex Sienaert, projected that debt servicing would gulp 100.2 percent of Federal Government revenue by the end of 2022.
The Washington-based bank says that Nigeria’s debt service to revenue ratio could stand at 102.3 percent by the end of 2022.
It described the public debt in Nigeria as concerning due to the rising debt service-to-revenue ratio.
Information
| Author | Africa Business Radio |
| Organization | Africa Business Radio |
| Website | - |
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