The Nigeria Debt is projected to surge $70.2 Billion by Dec. 31, 2020.
This was disclosed by Zainab Shamsuna Ahmed, Nigeria Minister of Finance, Budget and National Planing.
Reacting this this, Steve Hanke, an Economist has described the development as Nigeria nightmare.
".@ZShamsuna, #Nigeria’s Minister of #Finance, announced public #Debt is projected to surge $70.2 bn by Dec. 31, 2020. This isn’t Nigeria’s only nightmare. I measure its #Inflation each day. Today, Nigeria's inflation is 30.37%/yr. This is over 2x the bogus official rate." Steve tweeted