Africa's Debt Crisis: Perspectives on Nigeria's Escape from External Debt Trap

In sharp contrast with the image of an "oil-rich" country, Nigeria is paradoxically a heavily indebted poor country. While the country's oil production reached 2.5 million barrels per day in 2004, its total external debt stock at the end of 2004 was estimated at $35.9 billion. The deb...

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Bibliographic Details
Main Author: Solomon O. Akinboye
Format: Article
Language:English
Published: Kennesaw State University 2010-06-01
Series:Journal of Global Initiatives
Subjects:
Online Access:https://digitalcommons.kennesaw.edu/jgi/vol1/iss2/1/
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