Nigeria ignores fiscal alarm bells as appetite for debt remains high
Nigeria is not heeding calls to cut compulsive spending and manage a ballooning debt service cost that the International Monetary Fund (IMF) predicts will gulp 92 percent of public revenues this year. Rising global interest rates has made it more expensive for frontier and emerging markets to borrow money from the international market, yet Nigeria’s read more Nigeria ignores fiscal alarm bells as appetite for debt remains high
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