April 13, 2023/United Capital Historically Nigeria’s revenue has fallen short of budgeted amounts by an average of 22.3% in the past seven years, placing additional reliance on debt. Global economic constraints and legacy debt sustainability issues have increased Nigeria’s risk premium and, in tandem, the overall cost of debt. Hence […]

(Credit: Peeterv/iStock by Getty Images) April 12, 2023/IMFBlog By Francesca Caselli, Vitor Gaspar, Gee Hee Hong, and Paulo Medas Three years since the outbreak of the pandemic, fiscal policy has moved a long way toward normalization. Governments have withdrawn exceptional fiscal support, and public debt and deficits are falling from record levels. That’s […]

April 12, 2023/FBNQuest According to the Debt Management Office’s (DMO) most recent quarterly data series on Nigeria’s public debt, the country’s stock of external debt increased by USD2.0bn (+5% q/q) from the previous quarter to USD 41.7bn in Q4 ’22. Measured on a y/y basis, the rise in external debt […]