The Nigerian government says debt sustainability is the most significant challenge it faces, adding that investment and increased trade are the 'most important support it needs at this time”.
The Nigerian government says debt sustainability is the most significant challenge it faces, adding that investment and increased trade are the “most important support it needs at this time”.
The event was held on the sidelines of the ongoing annual meetings of the International Monetary Fund and World Bank Group in Washinton DC, the United States.Debt sustainability is a country’s ability to meet its current and future debt obligations without seeking debt relief or defaulting.N97.34 trillion in the fourth quarter of 2023, according to the Debt Management Office .
“So, the most important support that Nigeria requires at this time is investment and increased trade. While ODA is helpful, at the end of the day, that’s not what’s going to really sustainably address the scale of Nigeria’s problems.”Advertisement
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