Nigeria: AfDB Restates Warning On Rising Debts Among African Nations

Despite the low international debt threshold of many African countries, Nigeria inclusive, a message from the African Development Bank (AfDB) the weekend was that of caution and pursuit of growth with escalated obligations.

Nigeria may well benefit from the advice, going by the assessed yearly borrowings in excess of N1.5 trillion in the last four years and projection of N1.9 trillion in the current year.

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