Debt burden and foreign exchange volatility: The economy’s albatross
By : CHIJIOKE NELSON
Date:
30 December 2015 5:20am WAT
Share :
Minister for Finance, Kemi Adeosun
Minister for Finance, Kemi Adeosun
Minister for Finance, Kemi AdeosunThe 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.