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.

Photo: World Bank

(file photo).

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