IMF gave the projection in its October 2023 report on ‘Africa: Special Issue: In Pursuit of Stronger Growth and Resilience.’
According to the International Centre for Investigative Reporting (ICIR), Nigeria’s government debt to GDP has risen consistently from 21.9 per cent in 2019 to 34.5 per cent in the Covid year, to 36.5 per cent in 2021 and 39.6 per cent in 2022.
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