The International Monetary Fund (IMF) has projected that Nigeria’s total public debt will rise steadily to 44.2 per cent of Gross Domestic Product, GDP, by 2027. Platforms Africa reports that already, the debts has surpassed N39.56 trillion Year on Year mark it was in 2021. The IMF gave this forecast in its April Fiscal Monitor, released on Thursday, in Washington, adding that the total fiscal spending of the General Government (Federal and state governments) will widen to 6.4 per cent of GDP this year, 2022, from 6.0 per cent at…
Read MoreNigeria’s Debts Surpass N39.56 Trillion, to Hit 44% of GDP in 5 Yrs
