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Nigeria Doesn't Have a Debt Problem, But A Growth Problem - Economist

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As concern continues to mount over the growing rate of Nigeria's foreign debt and it's implication on the economy, Lead Economist and Partner, West Africa Financial Services, Dr. Andrew S. Nevin (PhD) has moved to allay fears, stating that the country has a "growth problem", not a debt and revenue problem.

Dr. Nevin disclosed this while speaking to Joyce Onyemuwa on the Sunny Side show. 

According to him, one of the ways the country can create the conditions for getting more revenue is by growing more headline GDP.

"The question the Federal Government, all levels of government and Nigerians should be asking is, "why aren't we growing (GDP) at 6 to 8% a year?" he remarked.

He also noted that this is a tested model for growth as proven by countries such as China and Canada.

Watch video to hear him explain more on the solution to Nigeria's debt >>>


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