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 slow, he urged the Federal Government to increase its drive to create more jobs and revamp its fiscal consolidation

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