The International Monetary Fund (IMF) is concerned about “heavy” debt-service burdens in low-income countries — stating that debt servicing in Nigeria gulps 56 percent of tax revenue. The Bretton Woods
Tag "debt servicing"
BY AYOMIDE LADIPO Inheriting a deadweight job is a horrible place to be, but when one is not oblivious to such reality and still goes ahead to fight tooth and
Ajay Banga, World Bank president, says debt servicing is consuming 7.6 percent of Africa’s gross domestic product (GDP). Banga, on Thursday, at a joint IMF – World Bank seminar, said
The Debt Management Office (DMO) says Nigeria’s debt service-to-revenue ratio in 2023 stands at 73.5 percent, describing the figure as unsustainable and a threat. This is contained in DMO’s recent
Zainab Ahmed, minister of finance, budget and national planning, says Nigeria plans to bring down its debt service-to-revenue ratio to
The Debt Management Office (DMO) has urged the federal government to take steps to address issues around petroleum subsidy payment
The Nigerian Economic Summit Group (NESG) has asked the federal government to create effective tax systems and harmonise forex rates