Projection by leading African and Nigeria based credit rating agency, Agusto & Co, of huge potential foreign exchange inflows into Nigeria, appears to expose a serious lacuna in the management of the inflows and the economy by both fiscal and monetary authorities.
Agusto & Co will provide fuller details and explanations on its key projections on the economy for 2022 on Thursday, but in an advanced briefing note made available to Business a.m., the company projects that Nigeria’s foreign currency inflows of $90 billion will be more than twice its foreign currency debt of $44 billion at the end of 2022.
