Nigeria Borrows For Debt Servicing As Revenue Falls By 54%

The Federal Government of Nigeria (FG) was compelled to borrow from the local debt capital market to meet interest payment commitments on its enormous public debts due to a 54% fall in government revenue. According to figures from the Debt Management Office, DMO, and confirmed by the National Bureau of Statistics, NBS, total public debt … Continue reading Nigeria Borrows For Debt Servicing As Revenue Falls By 54%