The Nigerian government is considering debt restructuring options to manage its rising fiscal deficit. With a debt-to-GDP ratio of 34%, the country is struggling to service its debts. Experts predict that the government may need to restructure its debts to avoid a potential debt crisis. The move could have significant implications for the country’s economy and its ability to attract foreign investment.
The government has not yet announced any specific plans, but it is expected to make a decision soon. The outcome will be closely watched by investors and economists alike.