Nigeria’s external debt stood at $39.69 billion as of March 2022. During the same period, Egypt’s external debt was $157.8 billion. In the first quarter of 2022, while Nigeria borrowed $6.35 billion, Egypt incurred $12.8 billion additional foreign debt.
But using indicators such as inflation,
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Teliat Sule
Teliat Abiodun Sule
Assistant Editor, Economy & Markets
