The 2016 report came with damning findings against the government and its agencies, including the National Assembly. It showed lapses, serial violations of fiscal laws, government’s poor handling of the situation, and the involvement of nearly all agencies. Despite this, none of the state actors seems concerned about the
Again, IMF Warns Nigeria Against Rising Debts
The IMF Senior Resident Representative and Mission Chief for Nigeria, Mr Amine Mati, has said that Nigeria’s debt to gross domestic product ratio at 28 per cent has increased but is still below the average sub-Saharan Africa and Africa as a whole.
He said this at the public presentation of the ‘Fall 2019 issue of the regional economic outlook for sub-Saharan Africa,’ in Lagos on Wednesday.
While mentioning that the revenue to GDP was low, he urged the Federal Government to increase its drive to create more jobs and revamp its fiscal consolidation.
He said, “Nigeria’s debt has increased but …















