Nigeria risks deeper financial crisis over new $2.8bn debt, minimum wage hike
By
Nigeria’s plan to raise a $2.86 billion Eurobond and simultaneously raise minimum wage could lead to a significant deterioration in the country’s financial position unless it is able to raise revenues. The new external borrowing will take the country’s total external debt stock to $24.9 billion from the current $22.16 billion, 6 percent of the…
Please visit https://www.businessdayonline.com/exclusives/article/nigeria-risks-deeper-financial-crisis-new-2-8bn-debt-minimum-wage-hike/ to access this member content.