The perils of deficit monetisation in Nigeria

Nigeria’s government has turned to the central bank to plug ever larger budget deficits in recent years and policymakers are unlikely to kick their deficit monetisation habit, particularly if the fiscal position worsens next year (as we expect). This will deepen some of Nigeria’s existing economic woes, including high inflation, downward pressure on the naira and weak economic growth.
Virag Forizs Emerging Markets Economist
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Africa Economics Weekly

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22 September 2021

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Filling gaps: vaccine supply in SSA & electricity in SA

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