Nigeria’s debt binge lacked ambition in 2021

Nigeria is estimated to report revenues of about $9 billion in 2021, having reported revenues of $8 billion in 2020.

For a country with Nigeria’s infrastructure deficit, the government should borrow more given its paltry revenues but its utilisation of the little it borrows and even earns has left a trail of criticism that has suppressed the need for more ambitious borrowings that can give the sleepy economy a l

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