Nigeria spends 86% of revenue on debt servicing, South Africa pays 20%

0 Jayeola May 16, 2022

…analysts say Nigeria’s debt too expensive Nigeria spent 86 per cent of its revenue on servicing debt in 2021, but South Africa spent only 20 per cent of its receipts on the same purpose, according to findings by The PUNCH. According to the International Monetary Fund’s 2021 Article IV estimates, Africa’s most populous nation spent…