1982Event
Foreign debt climbs sharply
Country Studies records foreign debt rising from N3.3 billion in 1978 to N14.7 billion in 1982.
Hall of FameSecond Republic
1982
Foreign debt climbs sharply
Country Studies records foreign debt rising from N3.3 billion in 1978 to N14.7 billion in 1982.
1000reasons.voteEditorial timeline entry
What happened
Country Studies records foreign debt rising from N3.3 billion in 1978 to N14.7 billion in 1982. Borrowing filled the gap between oil-era spending plans and reduced revenue.
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