Former World Bank chief warns Nigeria’s opaque debt deals could backfire

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Former World Bank President David Malpass has raised alarms over Nigeria’s use of increasingly opaque collateral-backed debt deals. He warned that these debt structures could complicate future debt restructuring efforts and deter investment if Nigeria’s debt situation worsens.

Former World Bank President David Malpass has raised concerns over Nigeria's growing use of collateral-backed borrowing, warning that increasingly opaque debt structures could complicate future debt restructuring and discourage investment if the country's debt becomes unsustainable. The post Former World Bank chief warns Nigeria’s opaque debt deals could backfire appeared first on Nairametrics.