A financial expert has estimated that infrastructural projects in the country would suffer as Nigeria's debt stock surged in the Third Quarter of 2022.
A financial expert has estimated that infrastructural projects in the country would suffer as Nigeria’s debt stock surged in the Third Quarter of 2022.to N44.06 trillion in Q3, according to the latest data released by the National Bureau of Statistics.
In a chat with DAILY POST on Tuesday night, a financial expert, Mr Idakolo Gbolade, stated that the implication of the country’s rising debt profile is a source of concern.“The implications are far-reaching; the country will spend more on debt servicing while infrastructural projects will suffer amid revenue shortfalls in oil and non-oil sectors. The situation could be further compounded when the ways and means facility extended to the Federal government is securitized.
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