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Topic: Naira devaluation raises foreign debt by N30tn – Report  (Read 277 times)

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Naira devaluation raises foreign debt by N30tn – Report
« on: December 05, 2024, 01:00:48 PM »
Naira devaluation raises foreign debt by N30tn – Report

Naira devaluation raised Nigeria’s external debt by about N30.03tn between 2023 and June 2024 when considered in naira terms, an analysis by The PUNCH showed. Despite a reduction in the country’s debt when measured in US dollars, the exchange rate shift has made Nigeria’s foreign obligations far more costly in local currency. Data from the


 
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