Tag: Economy Diversification
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How low revenue contributes to Nigeria’s rising debt burden, straining economy
Nigeria, Africa’s largest economy, is grappling with a mounting debt burden, and experts point to low revenue generation as a significant factor exacerbating the country’s financial challenges. The combination of dwindling revenue sources, inconsistent tax collection, and overreliance on oil exports has strained the nation’s economy, contributing to its rising debt levels. According to recent…
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Nigeria reaping benefits of Buhari’s economy diversification policy – FG
The Federal Government has said the economy diversification policy of the President Muhammadu Buhari led administration is beginning to yield positive results. The Minister stated this on Monday when he led a team of journalists on a visit to Innoson Vehicle Manufacturing Company in Nnewi, Anambra. He said that the Federal Government’s commitment to diversifying…