says Nigeria needs to earn higher revenue and manage its debt profile more efficiently.
According to her, a strong and comparable revenue base will reduce the need for relatively large amounts of new borrowing as Nigeria has witnessed, and will also reduce the debt service to revenue ratio. “Revenue is the way to go and that is how countries develop and use borrowing to augment revenue shortfalls now and again.
“Other structural issues such as insecurity, inflation, infrastructural deficit and foreign exchange shortages adversely affecting the business environment need to be resolved,’’ she added. “The annual Debt Sustainability Analysis and the four-yearly Medium Term Debt Management Strategy are the tools with which the DMO advises government on policy issues.
“Public debt has grown over the last years as government borrowed to meet major revenue shortfalls, increased spending on security and infrastructure, as well as funding on health due to the COVID-19 pandemic.
But they're doing very well in revenue stealing
Nigeria is taxing the wrong class of people.
You want to collect revenue when you're not providing basic amenities, is that not robbery
Nigeria doing poorly in curbing wasteful spending and management of collected revenue
African leaders and especially Nigerian leaders can never be happy that governments aren't the ones in charge of oxygen and carbon dioxide. NigeriaGov would have generated more for denying the masses like they do in electricity