The Debt Management Office (DMO) has issued a warning to the Federal Government against additional borrowing, citing that 73.5 percent of this year’s revenue will be used to service debt.

According to the DMO, this high Debt Service-to-Revenue ratio is unsustainable and poses a threat to debt sustainability.

The DMO recommended that the Federal Government focus on increasing revenue generation to achieve a sustainable Debt Service-to-Revenue ratio. 

It suggested raising the projected revenue from 10.49 trillion naira to about 15.5 trillion naira.