Oyeyemi Kale, partner and chief economist of KPMG Nigeria, says Nigeria’s debt is only perceived to be too much because of the country’s poor repayment ability.
In a series of tweets on Saturday, the former statistician-general of the federation said conversations on the country’s debt profile would disappear if there is an improvement in revenue generation.
The Debt Management Office (DMO) had said Nigeria’s total public debt surgedto N46.25 trillion at the end of the fourth quarter (Q4) of 2022.
The 2022 figure is an increase of N6.69 trillion compared to the N39.56 trillion recorded in 2021.
