The debt-GDP ratio compares Nigeria’s debt to its GDP, while the debt-servicing ratio compares Nigeria’s debt interest payments to how much the government earns in revenues.
Nigeria's rising debt combined with its weak spending and the difficulty in raising extra tax revenues means it faces a fiscal policy trilemma.
Africa’s biggest economy’s debt to GDP ratio at 33 percent is lower when compared to emerging peers like Egypt (90.2 percent), South Africa (80.3 per
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