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Stephen Onyeiwu, Professor of Economics & Business, Allegheny College

Tinubu inherits Nigeria’s high debt – an economist analyses what this means for the country's future

Bola Ahmed Tinubu speaking at a Chatham House event, London, in December 2022. Asiwaju Bola Ahmed Tinubu Facebook page

As the 16th president of Nigeria, Bola Ahmed Tinubu inherits an economy that is grappling with inflation, chronic unemployment, extreme poverty, crumbling infrastructure and insecurity.

Nigeria’s debt profile stands out among these problems like a sore thumb. The country’s external debt stock – what it owes non-residents – was US$41.69 billion in 2022.

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