We don’t have debt crisis – Bismarck Rewane

Reacting to the IMF report poll n Nigeria’s Debt to GDP ratio, the Managing Director, Financial Derivatives Company/ Member, President’s Economic Advisory Council, Mr Bismarck Rewane said: “We don’t have a debt crisis, we have a revenue problem but there are also other problems such as poverty, productivity. So it is not if we have a debt or revenue problem. Also, what we use our revenue for is also important.

“So the Government expenditure and the government investment multiplier is much lower than the private sector multiplier and the difference between the flow of wealth and the stock of wealth is a different story.”