Speaker of the House of Representatives, Tajudeen Abbas, has raised alarm over Nigeria’s rising debt profile, warning that it has…
Browsing: Nigeria’s Debt profile
“So, the failure of the Nigerian economy, the collapse of the naira and the unimaginable debt of Nigeria is the failure of the National Assembly,” Enang revealed.
The National Bureau of Statistics (NBS), has disposed that Nigeria’s public debt stock rose from N49.85 trillion ($108.30 billion) in the first quarter of 2023 to N87.38 trillion ($113.42 billion) in the second quarter of 2023.
The Public Finance integrity in Nigeria is probably at its lowest state. The debt profile has defiled all economic prudence…