The International Monetary Fund has warned Nigeria of its rising debt levels as the country’s debt to gross domestic product ratio increases to 28 percent.
This was made known by IMF Senior Resident Representative and Mission Chief for Nigeria, Amine Mati at the regional economic outlook for sub-Saharan Africa in Lagos.
Mister Mati wants the Federal Government to increase its drive to create more jobs and improve fiscal consolidation.
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He adds that most of the countries are back on a sustainable path and plans to reduce debt through fiscal consolidation have increased stability.
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