EXPERTS LAMENT DETERIORATION IN NIGERIA’S DEBT SUSTAINABILITY MEASURES

Nigeria’s huge debt profile at 22.3 trillion naira is now assuming more disproportionate weight against the country’s growth and development, a situation that will likely dispose of the nation to perpetual borrowing.

Financial experts, however, have said the only solution that is practical, with improved governance, is the urgent implementation of policies that will grow and diversify the revenue base of the country to avoid an imminent debt crisis.

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