THE Federal Government on Wednesday faulted the debt profile of the country painted by former Vice President, Atiku Abubakar, describing it as criticism anchored on a false premise and innuendos.
The government said that the figure of Nigeria’s debt to revenue ratio of 99 per cent in the first quarter of 2020, quoted by Atiku “is not in the Medium-Term Expenditure Framework and Fiscal Strategy Paper, where he claimed he got it from.”
‘’Therefore, the statement that debt servicing does not equate to debt repayment is not only wrong, but ill-informed,” he emphasised. “We are also not able to ascertain the source of the first quarter figures of N943.12 billion for debt servicing and N950.56 billion for retained revenue, which he also quoted.”
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