Nigeria’s Debt-to-revenue ratio worrisome, LCCI warns FG

The Lagos Chamber of Commerce and Industry has warned the Federal Government that staying within the current debt-to-GDP threshold is an unreliable means of calibrating Nigeria’s current debt burden.
President of the Chamber, Asiwaju Olawale-Cole, stated this at the LCCI quarterly economic outlook press conference in Lagos.
According to the chamber, the government must review its borrowing parameters on the basis of the country’s debt-to-revenue ratio which, currently calls for concern.