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West Africa Association of Public Accounts Committees (WAAPAC)

Speaker Abbas alarms on Nigeria’s soaring debt

Speaker Abbas has raised concerns about Nigeria’s rising debt stock at ₦149.39 trillion, alarmed that many African countries spend more on loan servicing than on health or education Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has assured that ongoing economic reforms are putting the country’s debt profile on a more sustainable path. This is as Speaker of the House of Representatives, Rep. Abbas Tajudeen, cautioned that the nation’s borrowing has...

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