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Nigeria’s rising debt sparks debate despite subsidy removal

Nigeria’s rising debt sparks debate despite subsidy removal

Nigeria’s debt burden has reached a new milestone just as President Bola Tinubu has sought fresh Senate approval for a $516.3 million foreign loan to finance sections of the 1,000-kilometre Sokoto–Badagry Superhighway, a flagship infrastructure project that has intensified a national debate over the country’s borrowing trajectory, fiscal sustainability, and whether subsidy savings are truly [...] The post Nigeria’s rising debt sparks debate despite subsidy removal appeared first on National Daily Newspaper .

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