Nigeria’s 60% Debt Service to Revenue Ratio And Push To Borrow from Unclaimed Dividends, Dormant Bank Balances

I had expected thisĀ  to be part of the 2019 electioneering. Of course, ideas do not win elections in Nigeria. People, our debt service to revenue ratio is a real problem. Think about it: if you earn $1,000 as revenue and you spend $600 to service your debt, you will agree that your business has no chance to survive in Nigeria and possibly anywhere on earth. That is exactly what is happening for Nigeria as an institution and the reason why many are fearful. In 2014, the ratio was about 28%; then it rose close to 80% during the recession … Continue reading Nigeria’s 60% Debt Service to Revenue Ratio And Push To Borrow from Unclaimed Dividends, Dormant Bank Balances