igeria is not yet in a classical debt trap, but it is dangerously manageable. That argument is only partly true. Nigeria’s bigger close to building one with its own hands. The warning signs problem has never been only the size of its debt; it is the weakness of N are no longer hidden in technical reports; they are visible in its revenue. A country with poor tax collection, oil theft, low export the budget, in shrinking fiscal space, in rising debt service, and in diversification, wasteful governance and high recurrent expenditure the painful reality that borrowing is increasingly funding yeste…