President Bola Tinubu. President Bola Tinubu on Monday announced that Nigeria’s debt service-to-revenue ratio has decreased from approximately 97 per cent when he assumed office 17 months ago to 65 per cent currently. Tinubu stated that his administration has managed to keep the country afloat despite inheriting an economy on the brink of bankruptcy. The President stated while swearing in seven new ministers at the Council Chamber of the State House, Abuja. He said, “For us, it was a challenge when the nation was servicing its debt with 97 per cent of its revenue. It was nothing but the edge of the cliff. “But today, I can report to you that we have brought that down to 65 per cent, and we have never defaulted in meeting all obligations, both
