Debt Drama: Tinubu’s Numbers vs CBN’s Reality
President Bola Tinubu recently claimed that Nigeria’s debt service-to-revenue ratio has dropped significantly to 40%, signaling what he described as progress in fiscal management under his administration. However, this statement appears to contradict the Central Bank of Nigeria’s (CBN) latest data, which puts the figure at a staggering 112%.
The discrepancy has sparked widespread concern and debate among economists, analysts, and citizens, who are questioning the accuracy of the president’s claims and the transparency of the country’s financial reporting.
Experts warn that a high debt service-to-revenue ratio means a large portion of government income is being used to repay loans, leaving little room for capital projects and public services. With inflation and economic hardship already biting hard, the contrasting figures raise more questions than answers.
Calls are mounting for the presidency and the CBN to clarify the conflicting statistics and provide a true picture of Nigeria’s fiscal health.
#Tinubu #NigeriaEconomy #DebtCrisis #CBN #PublicFinance #DebtToRevenue
President Bola Tinubu recently claimed that Nigeria’s debt service-to-revenue ratio has dropped significantly to 40%, signaling what he described as progress in fiscal management under his administration. However, this statement appears to contradict the Central Bank of Nigeria’s (CBN) latest data, which puts the figure at a staggering 112%.
The discrepancy has sparked widespread concern and debate among economists, analysts, and citizens, who are questioning the accuracy of the president’s claims and the transparency of the country’s financial reporting.
Experts warn that a high debt service-to-revenue ratio means a large portion of government income is being used to repay loans, leaving little room for capital projects and public services. With inflation and economic hardship already biting hard, the contrasting figures raise more questions than answers.
Calls are mounting for the presidency and the CBN to clarify the conflicting statistics and provide a true picture of Nigeria’s fiscal health.
#Tinubu #NigeriaEconomy #DebtCrisis #CBN #PublicFinance #DebtToRevenue
Debt Drama: Tinubu’s Numbers vs CBN’s Reality
President Bola Tinubu recently claimed that Nigeria’s debt service-to-revenue ratio has dropped significantly to 40%, signaling what he described as progress in fiscal management under his administration. However, this statement appears to contradict the Central Bank of Nigeria’s (CBN) latest data, which puts the figure at a staggering 112%.
The discrepancy has sparked widespread concern and debate among economists, analysts, and citizens, who are questioning the accuracy of the president’s claims and the transparency of the country’s financial reporting.
Experts warn that a high debt service-to-revenue ratio means a large portion of government income is being used to repay loans, leaving little room for capital projects and public services. With inflation and economic hardship already biting hard, the contrasting figures raise more questions than answers.
Calls are mounting for the presidency and the CBN to clarify the conflicting statistics and provide a true picture of Nigeria’s fiscal health.
#Tinubu #NigeriaEconomy #DebtCrisis #CBN #PublicFinance #DebtToRevenue
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