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flag Nigeria raises debt ceiling to 60% of GDP, aiming to boost economy despite analyst warnings.

flag Nigeria has raised its public debt ceiling from 40% to 60% of GDP as part of its Medium-Term Debt Management Strategy for 2024-2027, aiming to provide more fiscal space. flag President Bola Tinubu claims the economy has stabilized and surpassed its 2025 revenue target in August, largely due to non-oil sector gains. flag He announced plans for agricultural mechanization centers to boost food security. flag However, analysts warn that higher debt could expose the economy to risks if revenue mobilization remains weak.

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