PWC, Finance Expert Slam FG Over N121.6tn Debt, Says Deficit Above Fiscal Responsibility Act Limit

PricewaterhouseCoopers International Limited (PWC) has raised the alarm that Nigeria’s public debt hit N121.67tn in the first quarter of 2024, saying that the country’s fiscal deficit is above the 3 per cent threshold of the Fiscal Responsibility Act (FRA).

PWC said the debt issuance without a commensurate rise in revenue-generating investments may hurt private investors.

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