Nigeria: Sliding Into Another Debt Trap?

9 December 2019
opinion

The rise in our national debt has continued to become a matter of great concern. Since the inception of this administration, it has been reaching to both domestic and foreign creditors for loans.

Of course, Nigerians can excuse the government for starting on wrong footing. Immediately after the 2015 general election, the incoming government discovered that the country was broke. Added to the woes were the crash of crude oil price in the international market and violent militants' activities in Niger Delta which seriously affected oil production output.

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