Watch Your Debt, IMF Warns Nigerian Govt
The International Monetary Fund has warned Nigeria and other sub-Saharan African countries of excessive debt services in the respective economies. According to IMF, debt servicing costs are becoming a burden especially in oil-producing countries, noting that such costs are expected to absorb over 60 percent of government revenues in 2017 in Nigeria, Angola and Gabon.
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Nigeria:
IMF Warns Nigeria, Others Over High Debt Service
Daily Trust, 17 November 2017
The International Monetary Fund (IMF) has warned Nigeria and other sub-Saharan African countries of excessive debt services in the respective economies. Read more »
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Nigeria:
IMF - Debt Service to Account for Over 60 Percent of Govt Revenue in Nigeria, Gabon, Angola
This Day, 17 November 2017
The International Monetary Fund (IMF) has warned that debt servicing costs are becoming a burden, especially in oil-producing countries, noting that such costs were expected to… Read more »
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Nigeria:
Watch Your Debt, IMF Warns Govt
Vanguard, 17 November 2017
The growing debt profile of the Federal Government could be worse and needs to be carefully managed, the International Monetary Fund, IMF, has said. Read more »
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Nigeria:
Economist Urges Govt to Reduce Interest Rates to 12%
Leadership, 16 November 2017
An Economist, Dr Bongo Adi, has advised the Federal Government to reduce interest rates from 14 per cent to 12 per cent, to stimulate growth in the real sector. Read more »
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Nigeria:
Looted Fund Recoveries Not Enough to Stop Foreign Borrowings - Govt
Vanguard, 16 November 2017
The Federal Government on Thursday explained its decision to resort to foreign borrowings, stating that contrary to expectations, the funding requirements of the country largely… Read more »