BY MICHAEL MAKINDE
According to the Debt Management Office , Nigeria’s total debt stock is expected to rise to N77 trillion by May 2023. For the avoidance of doubt, Nigeria would experience a transition of political power by May 2023; the implication, therefore, is that the next government would be inheriting a high debt stock.This glaring challenge of inadequate revenue, and rising public debt, suggest that there is a need for a radical economic approach to manage the looming fiscal crisis.
To maximise the sector, Nigeria must immediately commit to improving export, bridging its infrastructure deficit, committing to stronger bilateral and multilateral relations, and ensuring an enabling business environment that addresses bottlenecks at the port terminals.
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Unlocking The Potential Of Nigeria’s Logistics Market, By Michael Makinde | Sahara ReportersAs Nigeria draws closer to the 2023 general elections, the conversation around the economy is expected to dominate and feature prominently on the political agenda. From worsening macroeconomic fundamentals, unemployment, multidimensional poverty, inflation, and hunger among others, the fragile economy continues to have a significant impact on individuals, businesses, and even the government.
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