How Foreign Exchange Crisis Drives Up Nigeria’s Debt Profile Under Tinubu, Drains Country’s Revenue

As of the first quarter of 2024, the external debt portfolio of the country dropped to $42.115 billion but regardless of this, the exchange rate used stood at N1330 per dollar, meaning that the naira equivalent stood at N56.024 trillion. 

How Foreign Exchange Crisis Drives Up Nigeria’s Debt Profile Under Tinubu, Drains Country’s Revenue

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WhatsApp: 09031633831

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To reach more people from NGN1,000 now!

As of the first quarter of 2024, the external debt portfolio of the country dropped to $42.115 billion but regardless of this, the exchange rate used stood at N1330 per dollar, meaning that the naira equivalent stood at N56.024 trillion. 

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