November 12, 2024/FBNQuest Research The most recent update from the Debt Management Office (DMO) on Nigeria’s debt stock shows that the nation’s debt burden increased by N12.6trn, or (+10% q/q), to N134.3trn (US$91.3bn) as at end-June 2024. Two factors contributed to the modest rise. The first is the depreciation of […]
OPINION/EDITORIAL
The Clock is Ticking on Sub-Saharan Africa’s Urgent Job Creation Challenge
(Credit: IMF Photo/Cynthia R Matonhodze) November 12, 2024/IMFBlog By Athene Laws, Faten Saliba, Can Sever, and Luc Tucker As the rest of the world grapples with aging populations, Africa’s population is booming. By 2030, half of all new entrants into the global labor force will come from sub-Saharan Africa, requiring the creation of […]
Nigeria’s Public Debt Rises to N134.30Tn in Q2 2024
November 12, 2024/CSL Research According to recent data from Nigeria’s Debt Management Office (DMO), the country’s total public debt in Naira terms reached N134.30 trillion (US$91.35 billion) at the end of Q2 2024. This reflects a 10.35% increase from N121.67 trillion (US$91.46 billion) in Q1 2024 and a significant 53.69% […]
