Weakened Naira Pushing Up Nigeria’s Public Debt – IMF - Nairaland / General - Nairaland
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| Weakened Naira Pushing Up Nigeria’s Public Debt – IMF by RoborMon: 9:57am On May 17, 2023 |
The International Monetary Fund has said that weaker currencies in Nigeria and other Sub-Saharan African countries are pushing up public debts. This was disclosed in a blog post published on the IMF’s website on Monday. The fund noted that with an average depreciation of nine per cent since January 2022, sub-Saharan African currencies have weakened against the US dollar. The post read, “Most sub-Saharan African currencies have weakened against...Read full story 👇⬇️⬇️⬇️ https://entrepreneurng.com/2023/05/17/weakened-naira-pushing-up-nigerias-public-debt-imf/
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| Re: Weakened Naira Pushing Up Nigeria’s Public Debt – IMF by CodeTemplar: 10:08am On May 17, 2023 |
That's common sense now. If I borrowed 100 bottles of Coka COLA when it is sold at #100, if it has gone up to #150, I have to pay equivalent of #150 per bottle back. |
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