{"id":344406,"date":"2024-11-05T06:22:16","date_gmt":"2024-11-05T05:22:16","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=344406"},"modified":"2024-11-05T06:22:16","modified_gmt":"2024-11-05T05:22:16","slug":"nigerias-debt-service-to-revenue-ratio-reduced-from-97-to-65-tinubu","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2024\/11\/05\/nigerias-debt-service-to-revenue-ratio-reduced-from-97-to-65-tinubu\/","title":{"rendered":"Nigeria\u2019s Debt Service-To-Revenue Ratio Reduced from 97% to 65% \u2013 Tinubu"},"content":{"rendered":"<ul class=\"marker:text-textOff list-disc pl-8\">\n<li><strong>President Tinubu announced Nigeria&#8217;s debt service-to-revenue ratio has improved from 97% to 65%, signaling progress in economic recovery<\/strong><\/li>\n<li><strong>He emphasized the importance of resilience amid global challenges, assuring that his administration remains committed to addressing Nigeria&#8217;s economic issues<\/strong><\/li>\n<\/ul>\n<hr \/>\n<p>President Bola Ahmed Tinubu has announced that Nigeria&#8217;s debt service-to-revenue ratio has decreased significantly from 97% to 65%. He made this statement during the swearing-in ceremony of seven new ministers in Abuja on Monday.<\/p>\n<p>Describing the improvement as a positive sign of Nigeria\u2019s economic recovery, Tinubu noted that it has consistently met its foreign and domestic financial obligations.<\/p>\n<p>He remarked, \u201cFor us, it was a challenge when the nation was servicing its debt with 97% of its revenue; it was like standing at the edge of a cliff. Now, we have our head above water.<\/p>\n<p><a href=\"https:\/\/www.withinnigeria.com\/news\/2024\/07\/20\/nigeria-to-hit-1-trillion-economy-by-2030-cardoso\/\">Economic<\/a> recovery is on the horizon, and we are on a solid path towards achieving our dreams\u2014not only for us but for our children and grandchildren.\u201d<\/p>\n<p>He also encouraged Nigerians to remain resilient amidst global economic challenges affecting many countries, including an uptick in crime in Europe and America attributed to pandemic-related disruptions.<\/p>\n<p>Reaffirming his commitment to addressing the country\u2019s challenges, Tinubu stated, \u201cThis ship will not sink,\u201d and pledged to take firm action against \u201cprofiteers and smugglers of our resources across the country.\u201d<\/p>\n<p>Congratulating the new ministers on joining the team to rebuild Nigeria, he advised them not to be discouraged by criticism, stating, \u201cYour thanks will come through the history of growth and prosperity for this country.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Tinubu announced Nigeria&#8217;s debt service-to-revenue ratio has improved from 97% to 65%, signaling progress in economic recovery He emphasized the importance of resilience amid global challenges, assuring that his administration remains committed to addressing Nigeria&#8217;s economic issues President Bola Ahmed Tinubu has announced that Nigeria&#8217;s debt service-to-revenue ratio has decreased significantly from 97% to [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":317366,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"2","single_blog_custom":"211693","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","show_zoom_button":"1","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"0","show_prev_next_post":"0","show_popup_post":"0","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored 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