Nigeria Must Pay Close Attention To Rising Interest-To-Revenue Ratio – International Monetary Fund Warns

The high cost of servicing Nigeria’s debt compared to the revenue it generates (interest-to-revenue ratio) is an indicator Africa’s largest economy must pay urgent attention to its swelling debt servicing cost, the International Monetary Fund (IMF) said Wednesday. With low revenue generation and the rising cost of debt maintenance, socio and infrastructure spending in the…

– Businessday