Nigeria: Sovereign Debt, Federal Reserve Decision, and Russia

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Nigeria: Sovereign Debt, Federal Reserve Decision, and Russia

[Premium Times] Were Nigeria a business or an individual, banks would have stopped lending to her a long time ago. Yes, the ratio of her debt to gross domestic product (GDP) is not as bad as the discussions around its sovereign debt make out. At 35.71 per cent, surely Nigeria's debt-to-GDP ratio can only be described as a minuscule portion of the 256 per cent of global output that global debt now comprises. For context and in contrast, it helps to remember that the likes of Japan, Italy and the US closed last year with de

Source: allAfrica.com

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