The Status of Nigeria’s Debt Stock And Its Implications for The People and Economy (Policy Recommendations)

This policy brief examines the effect of the rising debt stock on the economy and Nigerian citizens and the potential consequences of the country’s inability to manage its external and internal debts. It also delves deeper into the contexts of debt servicing and revenue generation. The brief recommends sustainable debt management processes, institutional reforms and economic diversification to improve revenue generation and potentially reduce Nigeria’s debt stock. It also advances public and private partnerships as the default mechanisms for funding Nigeria’s infrastructural deficit while limiting the contingent liabilities that increase the country’s debt pile.