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- According to a Debt Management Office report, the maximum amount that Nigeria can borrow in 2017 from both local and foreign sources without it violating its debt threshold is $22.08 billion.
- Nigeria had a borrowing space of 5.89 percent of its GDP of $374.95 billion which will take its debt limit to a country-specific threshold of 19.39 percent of its total public debt-to-GDP ratio, it said.
- Total public debt-to-GDP ratio for 2016 is projected at 13.5 percent.
- Source: Reuters