Borrowing: Experts warn over debt trap …as servicing ratio soars to 91 per cent
By Obinna Ezugwu Nigeria may totter at the brink of financial crisis with the rising rate of debt service which reached an unprecedented 91vpercent of revenue at the end of second quarter. This had embarked on massive borrowing to fund its infrastructure development arguing that there is no alternative to it if the country would … Continue reading Borrowing: Experts warn over debt trap …as servicing ratio soars to 91 per cent
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