Former boss of the National Bureau of Statistics who is now the chief economist of KPMG has provided insight into Nigeria's growing debt problem and what to do.
The Debt Management Office has detailed the list of five countries Nigeria is currently owing huge amounts of money as Naira depreciation is increasing costs.
The Executive had requested extension of the lifespan of the Federal Government budget from December 31 to March 31, which the National Assembly approved in December 2022.
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The Federal Government of Nigeria will be seeking another loan after its earlier request was rejected by China Bank, citing the country's inability to repay.