Servicing Debt with 60% Revenue Dangerous-Economist

Posted by - March 1, 2021

An economist, Paul Alaje, has warned that the nation’s servicing of debts with almost 60 per cent of earned revenue is dangerous and unsustainable.  The Federal Executive Council (FEC) had  recently approved to adjust the Debt to Gross Domestic Product (GDP) ratio from 25% to 40%. This means that it could expand the borrowing band