Nigerias debt servicing has increased by 49% in the first four months of 2021 highlighting the countrys fiscal vulnerabilities. This surge in debt servicing is a result of the countrys rising debt levels which have been a cause for concern in recent years. The COVID-19 pandemic and the resulting economic downturn have also contributed to the increase in debt servicing as the government has had to borrow more to fund its response and support the economy. This highlights the need for the government to address its fiscal policies and debt management strategies to mitigate the impact of debt on the countrys economy and financial stability.

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Link to Original Story: https://hallmarknews.com/nigerias-debt-servicing-soars-49-in-four-months-exposing-fiscal-vulnerabilities/