Nigeria may spend nearly three-quarters of its federal government revenue on servicing debt by 2030. This raises germane concerns about the country’s ability to fund infrastructure and other essential services. The Debt Management Office (DMO) made the projection in its 2024 Debt Sustainability Analysis report released on Monday. According to the report, the country’s debt service-to-revenue ratio is expected to rise to 71.7 per cent by 2030 under the baseline scenario, exceeding the DMO’s recommended threshold of 50 per cent..............................READ MORE