Nigeria’s debt burden: A tale of two liabilities

Nigeria, Africa’s largest economy and most populous nation, is wrestling with a growing debt crisis that threatens its fiscal stability. While the country’s total public debt remains within manageable limits relative to GDP, the structure—split between domestic and external obligations—reveals deep regional disparities and economic vulnerabilities.

“Nigeria’s external debt is concentrated in its most economically active zones, with the South-West accounting for 34 percent (1.7 billion) of the total.”

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