Nigeria’s high debt profile

Nigeria’s high debt profile: Payroll not the only cause

Nigeria’s high debt profile: Payroll not the only cause

By Aare Afe Babalola RECENTLY, Nigeria’s Minister of Finance, Zainab Ahmed, reportedly stated in an interview that the country’s high debt service is connected with the huge expenditure being incurred in the satisfaction of workers on the government’s payroll. According to media report, she noted as follows: “Our debt service to overall revenue is high […]