Presidency Declares Nigeria Is “Under-Borrowing,” Dismisses Debt Concerns

The Presidency has moved to calm growing public fears over Nigeria’s rising debt profile, insisting that the country is not over-borrowing but, in fact, “under-borrowing.” Speaking during a Channels Television interview on Tuesday, President Bola Tinubu’s Special Adviser on Economic Matters, Tope Fasua, argued that despite concerns, Nigeria’s debt-to-GDP ratio remains at 39 percent — […]