Naira Depreciation Blamed for Nigeria's Debt Surge

Nigeria's finance minister attributes the recent increase in public debt primarily to Naira depreciation and the recognition of inherited liabilities, rather than new borrowing.

20 Jul, 19:46 — 20 Jul, 19:46

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Premium TimesMostly Factual4d ago

Naira depreciation, not fresh borrowing, drove debt surge — Oyedele

According to the finance minister, exchange-rate revaluation and the recognition of inherited liabilities account for much of the increase in Nigeria’s public debt. The post Naira depreciation, not fresh borrowing, drove debt surge — Oyedele appeared first on Premium Times Nigeria.

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Naira Depreciation Blamed for Nigeria's Debt Surge

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Naira depreciation, not fresh borrowing, drove debt surge — Oyedele

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