Capital Market Key To Easing Nigeria’s Negative $85.21bn Net Foreign Liabilities
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Descripción
The International Monetary Fund data shows that with the Economic downturn still pounding its economy, Nigeria’s foreign liabilities stood at $187.36 billion while its foreign assets amounted to $102.15 billion...
mostra másBut it would seem that to get off this bind, the government needs to begin to look at how to grow and deepen the capital market and see it as a partner for progress rather than just a bunch of private sector profiteers whom it is in competition with.
A robust and sturdy capital market is seen as holding the key to build and retain capital in-country and the Nigerian capital market, estimated at $50 billion in size, needs to grow to $500 billion to help Nigeria post surplus in its net foreign liabilities readings.
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