Brazil’s Debt Crisis: A Stark Warning for Nigeria’s Financial Future

    Oluwatobi Ojabello | Top Stories | Dec 20, 2024    
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“Is Nigeria walking the same precarious path as Brazil, where debt and dwindling investor confidence wreaked havoc on its economy?” Nigeria’s 2025 budget is setting records at ₦47.9 trillion, but it raises big concerns about the country’s economic future. While this budget represents a 74.18 percent increase from the previous year, over a third of it—₦15.81 trillion—will go towards paying off debts, debt servicing so to say.

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