According to the DMO, this high Debt Service-to-Revenue ratio is unsustainable and poses a threat to debt sustainability.
The DMO after analyzing the nation’s debt profile in 2022, recommended that the FG focus on increasing revenue generation to achieve a sustainable Debt Service-to-Revenue ratio.
It suggested raising the projected FGN revenue from ten point four nine trillion naira to about fifteen point five trillion naira.
Furthermore, the DMO called for a focus on revenue mobilization initiatives and reforms to increase the country’s tax revenue to GDP ratio among others.
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