The World Bank says Nigeria’s revenue to gross domestic product (GDP) ratio is the lowest in the world. Shubham Chaudhuri, the bank’s country director for Nigeria, said this on Monday during a panel session at a virtual public sector seminar organised by the Lagos Business School (LBS). The webinar was themed ‘Nigeria in Challenging Times; Imperatives for a Cohesive National Development Agenda’. Last year, the federal government spent N3.10 trillion on debt servicing for the 11 months (January- November) 2020, out of N3.48 trillion retained revenue for the same period. This represented 89...