₦airaland Forum

Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has warned that about 50 percent of low-income countries are in or approaching debt distress, requiring urgent actions.

It was not clear where Nigeria stands on his assertion but based on World Bank classifications for 2024–2026, Nigeria is classified as a lower-middle-income country, not a low-income country. However, Nigeria’s public debt has sustained upwards swing since 2023 with estimated figure at all time high of $100 billion while the Debt service to Revenue ratio is put at 47% in 2025.


From what was said here, he was talking generally about low-income countries which Nigeria is not part of.He specifically mentioned that 50% of low income countries need urgent actions because of debt burden. Debt service to Revenue ratio for Nigeria is now at 47% from almost 90% or so. Make we dey try read before jumping to conclusion

Una well done ooo.Please I have #3m that I can use for jijo this February. Please any advise on penny stocks to trade

DeLaRue from Nairaland:

"Last week, I sold some US stocks that I have had for some time.

Even though the shares had risen in value very much, if I had put the same money in some Nigerian stocks, I would have gained even more.

Right now and for the foreseeable future, naira is a better place to keep assets than dollars.

Despite all the bad news on security, ethic conflicts etc, the Nigerian economy is on the up, and I don't see it stopping for at least 5 years and beyond, if this government remains in power.

Mr Tinubu and his team are re-engineering the Nigerian economy in an intellectual way, unlike anything we have seen before in this country."

https://www.nairaland.com/8554211/naira-broke-major-rule-october#137356228

Very true, leave wailers, let them keep wailing while some smart people are making money. Check out impressive results by listed companies even though some of them might be window dressing but massive returns are being made from the Nigeria stock exchange.