GDP ratio modest amid subnational revenue growth
The Nigerian Presidency has defended the country's economic management, stating that the debt-to-GDP ratio remains modest at 40% compared to other nations. Officials argue that recent economic reforms are necessary, long-term processes despite initial public hardship.
Why it matters
This provides insight into the Nigerian government's defense of its fiscal policy amid public criticism of economic reforms and currency devaluation.
Nigeria's debt-to-GDP ratio modest amid subnational revenue growth - Presidency - Businessday NG
Nigeria’s debt-to-GDP ratio modest amid subnational revenue growth – Presidency
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