Nigeria may have exited the London and Paris club debt ten years ago but the current debt profile of about $64bn raises cause for concern. This is just an indication that government is not keen on keeping a low debt profile which could be detrimental to the nation's economy in the near future which is why stakeholders are worried that Nigeria's curent borrowings to finance infrastructure development on crippling loans could send the nation into slavery in the next 40 years.
Wednesday, 19 October 2016
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