Nigeria 2024: Africa’s Giant Mired in a Myriad of Problems
In 2023, Nigeria’s economy grew by 2.9%, down from 3.3% in 2022. This slowdown reflects deeper issues, including soaring inflation and a depreciating currency. The Central Bank of Nigeria raised the monetary policy rate from 16.5% to 18.75% to combat inflation. Despite stable public debt at 40% of GDP, the debt service to revenue ratio […]