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  "notes": "The chart illustrates the crowding-out effect of debt servicing on foreign investment.",
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      "text": "Nigeria debt service to revenue ratio increased to 96% in 2022 raising concerns about its widening fiscal deficit, high debt servicing to revenue and rising debt to GDP ratios. This led to low credit rating (Moody, Fitch) which implies access to international funding will be costly and investors are likely to reallocate funds to other attractive and stable markets. This is evident in the decline in capital importation from $24 billion in 2018 to $5.3 billion in 2022",
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