Nigeria’s rising debt fails to boost economic growth

Nigeria’s total debt has almost doubled in three years from N12.6 trillion in December 2015 to N22.71 trillion as at March 2018, according to the Debt Management Office (DMO). However growth in Africa’s largest economy has failed to match counter cyclical spending, designed to stimulate an economy in recession.   The Federal Government has resorted…
This content is for Standard & Premium Digital Subscribers only. Visit the site and log in/register to read.
The post Nigeria’s rising debt fails to boost economic growth appeared first on BusinessDay : News you can trust .

Davinsons is all about the reader, YOU. We aim to make being informed as enjoyable and stressless as possible. We aim to aggregate, produce and distribute over 1000 news and information items daily from over 250 news organisations.

We operate from Abuja, Lagos, and the United Kingdom.