Tag: Debt-for-Climate Swap

TNG Special Report: Nigeria seeks easy way out of N41. 6 trillion debt burden, plans to borrow more

Sep 6, 2022

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by

Oghenekevwe Uchechukwu

in Economy, TNG investigations

The Nigerian government has proposed a Debt-For-Climate (DFC) Swap deal, as an easy option out for its mounting public debt which peaked at N41.6 trillion in the first quarter of 2022. The DFC swap is believed to have the potential of becoming a useful instrument to expand the fiscal space for underfunded climate investments. This…