 The Lagos Chamber of Commerce and Industry, LCCI, has asked the federal government to replace Nigeria's existing borrowings with asset-linked debt to ease the nation's huge service in the burden. The federal government spent 97% of its revenue for the five months of January to May 2021 on debt service, and this implied that for every 100 Naira revenue generated, 97 Naira was expended on debt service. In a statement on Sunday, Chiniri Almona, the director general of LCCI, said the country's debt situation has become worrisome with debt servicing consuming a significant share of revenue.