The latest debt figures by the Nigerian Bureau of Statistics (NBS) show Nigeria’s foreign and domestic debt stocks at an all-time high of $85.89 billion and N31 trillion, respectively, as at June 2020
Africa’s biggest economy is fast earning a reputation of consistently using most of its income to service debts, a trend that makes it difficult for the government spending to stimulate the economy without private capital.
Between January and June 2020, Nigeria channelled 96.9 percent of its re
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