Nigeria’s challenge is low revenue, not high debt – World Bank

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The World Bank has identified low revenue generation as Nigeria's main fiscal challenge, rather than high debt levels. The World Bank Country Director for Nigeria, Mathew Verghis, emphasized the need for the government to enhance revenue mobilization to sustain economic growth.

The World Bank has said Nigeria’s biggest fiscal challenge is weak revenue mobilisation rather than excessive borrowing, urging the government to prioritise efforts to boost revenue generation to support sustainable economic growth. Speaking during an interview on Channels Television on Friday, the World Bank Country Director for Nigeria, Mathew Verghis, said Nigeria’s debt profile remains […] The post Nigeria’s challenge is low revenue, not high debt – World Bank appeared first on Vanguard News.