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Nigeria Not Having Debt Crisis, Says Finance Minister

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The Nigeria’s Finance Minister, Mrs Zainab Ahmed says Nigeria is not battling with a debt crisis as asserted in some quarters.

She said the country’s borrowing is within a reasonable limit

She disclosed this while speaking at a public hearing on the budget organized by the National Assembly on Wednesday.

She said, “Nigeria does not have a debt crisis.”

“Our total borrowing today is just under 20% of our GDP while the multilateral institutions project for an economy our size to borrow up to 50-55% of our GDP. What we have is a revenue problem”.

Copyright 2020 Naija Center News. All Rights reserved. This material, and other digital content on the website, may not be reproduced, published, broadcast, or rewritten or redistributed in whole or in part without prior express written permission from Naija Center.

Copyright 2020 Naija Center News. All Rights reserved. This material, and other digital content on the website, may not be reproduced, published, broadcast, or rewritten or redistributed in whole or in part without prior express written permission from Naija Center.

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