Nonso Obikili, Director of Turgot Centre for Economic Policy and Research, has warned that except the President Muhammadu Buhari regime finds better and sustainable means of revenue generation, Nigeria might become highly indebted as it was in 1999. Obikili, during an interview with CNBC Africa, said the country needed better tax reform to generate revenue for government expenditures instead of relying on loans. “We are borrowing to pay salaries, which is not very efficient,” he said. “If you look at overall cost of servicing debt to revenue, we are not…
Read MoreNigeria May Return To 1999 High Debt Profile -Economic Expert
