Nigeria Back in the Debt Trap

Nigeria’s Debt Management Office, DMO, has released figures showing that the country is now owing almost $11trillion. With this, the country has been entrapped by debts, as it had been nine years ago when it celebrated “exit” from the debt of the Paris Club of creditors by paying $18bn in order to be “forgiven” &30bn.


Ngozi Okonjo-Iweala is Nigeria’s finance minister, as she was in 2005.

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