Tag
MRS PATIENCE ONIHA
The DMO says stated that only increased revenue generation and efficient dept profile management will reduce Nigeria's need to borrow.
The DMO has faulted the projection of the IMF that Nigeria might spend over 92 per cent of its revenue on debt servicing in 2022.
The Senate raised an alarm that Nigeria’s total debt profile now stands at N33trillion, with the approval of the $22.7billion foreign loan request
Though the Debt Management Office (DMO) believes borrowing is necessary, it disclosed the major challenge facing the country.