Business

Exchange rate volatility may affect debt servicing in 2024- PwC report 

A new report from Price Waters and Coopers (PwC) has revealed that Nigeria may face challenges with its debt servicing in 2024 over volatility in the forex market.  


This was contained in the PwC Nigeria Economic Outlook for 2024 which detailed the seven trends that will shape the Nigerian economy in 2024.  


According to the report, public debt may remain elevated because of increased budget deficit for the year and fiscal while higher government spending may persist due to debt service obligations and managing substantial fiscal deficits.