Nigeria’s Debt Ratio Hits 23%

today09/28/2022 18

share close

The Debt Management Office, DMO, has revealed that Nigeria’s debt to GDP ratio is 23%, which is still within the country’s self-imposed limit of 40%.

Director-general of the DMO, Patience Oniha, made this known during an executive course on budgeting and fiscal responsibility in Abuja.
Oniha stated that one way to reduce budget deficits is to grow revenues and to prioritize expenditure and cut waste and leakages.

Written by: Helen Obih

Rate it

Previous post


Saudi Arabia Appoints New Prime Minister

Saudi Arabia’s Crown Prince, Mohammed Salman has been named the kingdom’s prime minister in a cabinet reshuffle. According to a royal decree, the reshuffle was ordered by King Salman, on Tuesday. Salman is already de facto ruler of the world’s largest oil exporter, and the appointment formalizes his role as leader of the kingdom’s government. The crown prince, previously served as deputy prime minister as well as defence minister, and […]

today09/28/2022 7

Post comments (0)

Leave a reply

Your email address will not be published. Required fields are marked *

Our customer support team is here to answer your questions.
error: Alert: Content is protected !!