2min chapter

The Emerging Markets Podcast by Tellimer cover image

Emerging/Frontier Markets Sovereign Credit Outlook 2023 with Patrick Curran

The Emerging Markets Podcast by Tellimer

CHAPTER

Obi's Comments on Debt Profiling in Nigeria

debt in Nigeria is certainly on an increasingly unsustainable path, but actually when you look at it relative to GDP, it's quite low compared to many of its peers. I think there's still runway for Nigeria to pull back from the brink. Its external financing needs in the near term are really quite small relative to its reserves and even its limited revenue base. So they have much more runway than some of its peers like Egypt and Kenya where obligations are much more urgent.

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