Nigeria, Dec. 8 -- Nigeria is taking a new approach towards achieving more realistic revenue projections and preventing a recurrence of instances in the past, where over-ambitious forecasts led to underperformance, according to a report released on Sunday.

However, next year's revenue is bound to be pressured by a worsening debt burden, with debt service estimated to consume 46 per cent of revenue.

This may crowd out the allocations that could have been allocated to developmental initiatives and infrastructure expansion, the Centre for the Promotion of Private Enterprise (CPPE), which issued the document, stated.

Setting aside as much as N15.9 trillion to repay debt, the organisation warned, may also leave little for socio-economic pri...