November 15, 2022 12:49 PM
Buhari, represented by Vice-President Yemi Osinbajo, said this on Monday in Abuja at the 28th Nigerian Economic Summit themed ‘2023 and Beyond: Priorities for Shared Prosperity’. “The task ahead requires partnership, innovative thinking but, most importantly, disciplined implementation,“ he said.“Emphasising improving macroeconomic conditions, Buhari said that the economy continued to grow, with gross domestic product at 3.54 percent in the second quarter of 2022.
“It is still our revenue challenges that heighten the notion that we have a debt problem, which is really not the case, given that our debt-GDP ratio is just 23 per cent.”The president said that though the country’s debt service to revenue ratio was high, he Debt Management Office was able to adopt strategies to manage the debt more efficiently.