Tag: External Debt
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Servicing external debt with 90% country’s revenue not profitable – Tinubu
Nigeria’s president Bola Ahmed Tinubu has explained that servicing the external debt profile with 90% of the country’s revenue base is not a profitable exercise, saying that it’s a path to destruction.
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Nigeria, others’ external debts rise at slow pace – World Bank
The external debt stock of low and middle-income countries, such as Nigeria and many countries in sub-Saharan Africa, rose 5.2 per cent last year to $7.8 trillion, a slower pace of accumulation than in 2017, a World Bank report released at the weekend showed. According to multi billionaire entrepreneur and lawyer, Dr Ned Nwoko, Nigeria’s…