US EditionRising Interest Payments to Push Nigeria’s Fiscal Deficit to 4.7% in 2025 - InsideBusiness - Business News in Nigeria
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Rising Interest Payments to Push Nigeria’s Fiscal Deficit to 4.7% in 2025 - InsideBusiness - Business News in Nigeria
Moody’s, a US-based credit rating agency, has forecasted that Nigeria’s fiscal deficit will widen to 4.7 per cent of GDP in 2025, primarily driven by elevated interest payments. This projection marks a significant concern for the country’s fiscal health, as interest payments are expected to consume a substantial portion of government revenue, projected to reach 35 per cent by 2027. The widening deficit reflects ongoing spending pressures and t…
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