Weakened naira pushing up Nigeria’s public debt

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Weakened naira pushing up Nigeria’s public debt – IMF

« on: May 17, 2023, 07:03:21 AM »

Weakened naira pushing up Nigeria’s public debt – IMF

The International Monetary Fund has said that weaker currencies in Nigeria and other Sub-Saharan African countries are pushing up public debts. This was disclosed in a blog post published on the IMF’s website on Monday. The fund noted that with an average depreciation of nine per cent since January 2022, sub-Saharan African currencies have weakened

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