The nation’s external debt stock could hit over $36 billion if the National Assembly approves the $4.054 billion new borrowings requested by Nigeria’s government.
Business leaders in Africa’s biggest economy are raising red flags over the government’s incessant recourse to borrowing to finance overheads and personnel costs.
The government plans to spend just as much as it did in the whole of 2016 on overheads and personnel costs alone in 2022, having b
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