allAfrica.com allafrica.com 29 Jan, 2021 11:00 am

Nigeria: IMF Foresees Improved Capital Spending in Nigeria

The International Monetary Fund (IMF) has projected that Nigeria's capital spending will improve this year while anticipating that financing the country's deficit will remain a challenge with its huge debt servicing burden.

7 percentage points of GDP, and the average public debt increased by 5.2 percentage points to 48.7 percentage points of GDP and the average public debt increased by 5.2 percentage points to 48.

5 per cent of GDP at end-2020.5 per cent of GDP at end-2020.

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