Nigeria is digging itself deeper into a financial crisis that only a fundamental policy reset can salvage, the International Monetary Fund (IMF) said Monday. Nigeria spent N92 of every N100 earned in 2020 servicing its fast-growing debt stock, according to IMF estimates. That is the highest in five years, and is up from 52.6 percent…
Don’t miss another story
Become a BusinessDay Subscriber today.
For insights, facts, figures, and access to opportunities.
Options starting from N1000 Monthly
Already a subsriber?
Login
Get real time updates directly on you device, subscribe now.