The Lagos Chamber of Commerce and Industry (LCCI) has expressed worries over the implications of Nigeria’s debt burden and feared that this may cripple efforts to really transform the economy.
The chamber, while reviewing the 2022 economy with a projection in 2023, reported that, with the approved plan of the federal government to restructure its Ways and Means loans of N23 trillion, Nigeria’s total debt stood effectively at N67.7 trillion by end of 2022.
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