Except there is a last-minute miracle, the President Muhammadu Buhari government, already well known for being out of its depth on the economy, is very likely to hand over to the next government a highly risky economy, what economic analysts would rate as ‘junk’, and with a debt burden of at least N46 trillion.
Revenue and debt management have become persistent challenges that have remained one of the most critical policy issues threatening the debt sustainability of the Muhammadu Buhari-led government and a major headache awaiting the incoming administration
Data from the Debt Management Office, as at March 30 2023, showed Nigeria’s debt, comprising the domestic and external debt stocks of the federal government, sub-national borrowings by the federal and state
governments.