• Says deficit above Fiscal Responsibility Act limit
• Peter Obi advises FG on sustainable economic growth
Accounting and consultancy firm, PricewaterhouseCoopers International Limited (PWC), yesterday raised the alarm that Nigeria’s public debt hit N121.67 trillion in the first quarter of 2024, saying the country’s fiscal deficit is above the three per cent threshold of the Fiscal Responsibility Act (FRA).
PWC said the debt issuance without a commensurate rise in revenue-generating investments may hurt private investors .
The professional services firm stated this in its ‘Nigerian Economic Outlook, June 2024’, released yesterday.
In the same vein, the candidate of Labour Party (LP) in the 2023 general elections, Peter Obi, has advised the Federal Government on how the country “can promote sustainable economic growth, development, and prosperity for all Nigerians for generations to come.”
Obi spoke on his X handle when he raised concern that…
Source: Guardian Newspaper
