Debt burden and foreign exchange volatility: The economy’s albatross

Minister for Finance, Kemi Adeosun

Minister for Finance, Kemi Adeosun

The country has brokered several debt deals, many of which are in foreign currencies. Over the years, exchange rate has also played the “devil’s advocate,” beside the assessed mismanagement of the debts’ proceeds. CHIJIOKE NELSON writes on the nation’s economic throes through years of burgeoning debt profile and unstable exchange rate regime.

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