Post by Arise News (@arisenews)

Nigeria’s ₦166tn Debt Is Near 40% GDP Limit, Productivity Yet to Rise — Rewane

There is a fiscal responsibility that says we shouldn't exceed 40% of GDP, 166 trillion is the limit. The question is not how much the debt is, it is what have you used the debt to acquire? We haven't seen any corresponding increase in productivity yet and there is a cost of living and affordability crisis. Nigeria's debt per head is very high and cannot increase further.

Bismarck Rewane
MD, CEO, Financial Derivatives Company Limited.

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