Remember how former Finance Minister Ngozi
Okonjo Iweala always insisted that Nigeria's
debt burden was well structured and planned,
well according to this Bloomberg report,
Nigeria has one of the lowest debt to GDP
ratios in the world and the lowest in
Africa....tell that to the APC idiots who accused
GEJ of accumulating debt.
Statistics don't lie.
RANKINGS BY DOUGLAS LAVANTURE,
BLOOMBERG RANKINGS
Oil-Rich Nigeria Boasts Lowest External Debt-
to-GDP Ratio
When examining the 30 largest Sub-Saharan
African economies in terms of external debt as
a percentage of GDP, Mauritius, Mauritania and
Zimbabwe stand out at the high end, with
readings of 91.5 percent, 70.6 percent and 60.7
percent, respectively. Lowest for the entire
region is the Nigeria at 2.7 percent, the only
single-digit result for all of Sub-Saharan Africa.
METHODOLOGY: Bloomberg ranked the
external debt levels of the 30 largest Sub-
Saharan African economies based on 2013
GDP, for which debt-level data were available.
More rankings from Bloomberg are available at
www.bloomberg.com/rank.
www.bloomberg.com/rank.

http://newsletters.briefs.bloomberg.com/




Seun,lalasticlala

Oh how do you like us now?



#MasturbatingMasturbaters

Lowest in Africa doesn't make it convenient for reckless borrowing. We shouldn't owe a dime!

APC will soon say this writer was paid by Jonathan. They believe we shouldn't owe a dime but they are already borrowing from World bank to rebuild Northeast. What a life.