Tag: debt profile
Nigerian Senate Committee on Foreign and Local Debts has expressed worry over the rising foreign debt profile of the country and described the trend as very dangerous to the nation’s economy. Egie Akpata, Director at Union Capital joins CNBC Africa to discuss the implications of Nigeria’s rising debt profile.
Nigeria's Finance Minister Zainab Ahmed says Nigeria's debt profile increased by design as the ERGP was designed to borrow more in the first two years, but lagging government revenues is impacting the ability to service the repayment of debt obligations. CNBC Africa's Wole Famurewa caught up with her at the Nigeria Economic Summit in Abuja to discuss this and more.