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This aims to lower repayment obligations, reducing interest on the loans from 21.5% to 9.0% with a three-year repayment moratorium. It also looks to increase transparency over…
Defence and security get the largest sectoral allocation at NGN3.25tn, followed by education at NGN2.2tn and health and infrastructure, each at NGN1.33tn. However, the budget is…
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DOI: 10.1108/OXAN-DB284069
ISSN: 2633-304X
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Geographic
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This is up from nearly 19 million people in 2023. The crisis has worsened in recent weeks with major food and cost-of-living protests erupting across several states, as well as…
Finance Minister Wale Edun on October 23 announced that a major inflow of USD10bn was expected in the coming weeks to ease liquidity in the foreign exchange market. The…
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DOI: 10.1108/OXAN-DB283588
ISSN: 2633-304X
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This period was marked by two dramatic policy moves: the removal of a costly fuel subsidy and a major devaluation of the naira. Both moves are crucial for reforming Nigeria’s…
The downgrade reflects the expected realisation this year of the delayed global economic slowdown. The resulting debt overhang in the region has depleted the space for fiscal…
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DOI: 10.1108/OXAN-DB280137
ISSN: 2633-304X
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African Eurobond push
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DOI: 10.1108/OXAN-DB231981
ISSN: 2633-304X
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Geographic
Topical
Nigerian state finances.
While Buhari is likely to largely follow his previous term’s economic agenda, a squeezed fiscal space, including sizable debt service payments, will test the ability of the ruling…
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DOI: 10.1108/OXAN-DB242792
ISSN: 2633-304X
Keywords
Geographic
Topical
Outlook for sovereign debt in sub-Saharan Africa.