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The Lagos Chamber of Commerce and Industry has warned the Federal Government that staying within the current debt-to-GDP threshold is an unreliable means of calibrating Nigeria’s current debt burden.
President of the Chamber, Asiwaju Olawale-Cole, stated this at the LCCI quarterly economic outlook press conference in Lagos.
According to the chamber, the government must review its borrowing parameters on the basis of the country’s debt-to-revenue ratio which, currently calls for concern.
Ten people, including five Egyptians, four French and one Belgian national, have been killed when a bus carrying tourists collided with a truck in southern Egypt. According authorities in a statement on Wednesday the accident happened some 55 kilometres south of the ancient city of Luxor, as the bus was travelling to the temples of Esna on the west bank of the Nile River, , Aswan Provincial Governor Ashraf Attia […]
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