- Proposed loans to fund key infrastructure projects despite revenue shortfalls
- Concessional lenders and falling debt service ratios temper some fiscal risks
Abuja, Nigeria – Nigeria is poised to exceed its official debt-to-GDP target of 40% if President Bola Tinubu’s request for an additional $21.5 billion in foreign borrowing gains legislative approval. The government is also seeking €2.2 billion, ¥15 billion, and $2 billion in domestic debt to support the spending plan.
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