Nigeria, external debt management : debt equity conversion option

Authors

TAHIR, Hussaini Mairiga
DEPARTMENT OF ECONOMICS, UNIVERSITY OF JOS

Keywords:

Debt management, social implications, external debt, debt swaps, structural adjustment, economic implications, Nigeria

Synopsis

Before 1978, Nigeria was considered "Underborrowed"
by the International financial creditors. But ever since
1978, when Nigerian government took its first jumbo loan
the country's external debt has continued to grow at a geometric
rate. 

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Published

October 17, 1993

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