• Insists core parameters of $5bn UAE loan deal still unknown
• Wants FG to ensure social safety net for vulnerable
• Urges Nigerian govt to provide quality service amid hike in taxes
Emmanuel Addeh in Abuja and Nume Ekeghe in Lagos
International Monetary Fund (IMF) yesterday stated that although Nigeria’s debt remained sustainable and the country faced no high risk of distress, the federal government’s growing debt service burden was a major concern, with about half of its tax revenues being used to pay interest on borrowings.
