Posted Fri, Oct 15, 2021 6:47 AM
Timeframe: Tue, Oct 26, 2021 9:45 AM - Tue, Oct 26, 2021 11:30 AM
Approaches to Public Debt Financing and Sustainability
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Due to a shortage of revenue and inadequate financing of public programmes, the public debt situation in Nigeria has grown unsustainably. The pace of accumulation and the difficulty in servicing these debts have further aggravated the problem. The rising debt profile was further exacerbated by the outbreak of COVID-19, with a severe impact on public finance and the economy at large. Hence, identifying practicable alternative sources and sustainable solutions to financing public expenditure is an economic imperative.
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