{"product_id":"analysis-by-region-emerging-markets-nigeria","title":"Analysis by Region - Emerging Markets - Nigeria","description":"\u003cp\u003eAnalysis by Region - Emerging Markets - Nigeria\u003c\/p\u003e\n\n\u003cp\u003eNigeria's rising debt burden is a notable risk to its economic growth outlook. Public debt ballooned in the second quarter of this year, surging from 24.0% of GDP in Q1 to 41.2% of GDP in Q2. Domestic debt rose by roughly 80% q\/q in Q2 due to the conversion of short-term loans from the Central Bank of Nigeria (CBN) to government bonds, while the naira-denominated value of external debt increased by nearly 70% q\/q owing to the currency devaluation in June. While Nigeria has exceeded the public debt statutory threshold of 40% of GDP, we believe that parliament will lift this self-imposed debt limit to support President Bola Tinubu's reform agenda.\u003c\/p\u003e","brand":"Heavy Industry","offers":[{"title":"October, 2023 \/ 6 Pages \/ MCW16210683","offer_id":47615067390258,"sku":null,"price":222.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/analysis-by-region-emerging-markets-nigeria","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}