Tag: economy. Nigeria

  • Nigeria Servicing Debt With More Than 50% Revenue – IMF

    Nigeria Servicing Debt With More Than 50% Revenue – IMF

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    by

    Starnews NG
    in

    The International Monetary Fund on Thursday painted the precarious situation of the nation’s economy in particular and Sub-Saharan Africa’s, in general, going by how much the country and the region spend on debt servicing. According to the Breton Woods financial institution, Nigeria spends more than 50 per cent of its revenues on servicing debts, a…