Nigeria has received a commendable rating for maintaining a reasonably low borrowing profile.

With a debt profile of about 12 per cent of its GDP, experts in the finance sector say Nigeria possesses a huge capacity to even borrow more.

This, however, does not eliminate concerns about revenue mobilisation capacity, non-oil revenue mobilisations and how the country will service the short term loan.

MD and Head of Africa Macro Research at Standard Chartered Bank, Razia Khan, who is attending the World Economic Forum for Africa (WEF Africa) in South Africa told CNBC Africa that, “One of the key strengths of its (Nigeria’s) economy is that there has been relatively little borrowing so far.”

She, however, noted that there is still a big deal of issue with transparency regarding the arrears.

Contrary to popular belief, Khan said there were still investors waiting on the side lines to launch in Nigeria because they see the country as Africa’s biggest opportunity.

Their concerns, however, is the country’s debt service capability where there are large gaps reported in public financing and recurrent expenditure management.

Khan suggests that Nigeria needs to tread carefully when considering an upscale in borrowing.

http://dailyindependentnig.com/2015/06/nigeria-gets-commendable-debt-profile-rating/

Let dem stop borrowing us abeg. We didn't pay previous debts, we requested for a new one and you're still giving us...

GEJ was working












Don't eat me raw abeg