The Nigeria’s Inflection Point: Debt Servicing Repayment Exceeds Revenue

The IMF predicted that it would happen in 2026 but their model is really off by years. Yes, Nigeria has entered a new chapter in its reckless economic shipwrecking: “Nigeria’s fiscal position worsened in the first four months of the year as the cost of repaying debt surpassed the government’s revenue in the first quarter of 2022.” Simply, we as a people work for servicing debts.  The International Monetary Fund (IMF) has warned that debt servicing may gulp 100 percent of Nigeria’s revenue by 2026, if the government fails to implement adequate measures to improve revenue generation. The IMF’s Resident … Continue reading The Nigeria’s Inflection Point: Debt Servicing Repayment Exceeds Revenue