AFDB Worried Over Nigeria’s Debt Profile

African Development Bank (AFDB) has expressed concern over the debt profile of Nigeria

The Pan African Bank warns that Nigeria’s current debt servicing obligations pose the greatest risk to the country.

AFDB president Doctor Akinwunmi Adesina spoke on the issue at the first Annual National Tax Dialogue in Abuja organised by the Federal Inland Revenue Service (FIRS).

According to Akinwunmi Adesina, “debt service payments pose the greatest risk to Nigeria”.

To mitigate this risk, Adesina stressed that Nigeria’s economy shrank by 3 percent in 2020 on account of falling oil prices and the effects of the lockdowns on economic activities

YOU CAN ALSO READ: FG Dismisses Nigeria’s Debt Crisis Claim

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