Nigeria will be in a vulnerable position if oil prices fall again and further borrowing becomes too expensive or no longer feasible, a report has warned. Andrew Roche, sovereign debt expert at Finexem, an advisory group based in London and Paris, which specialises in strategic advice and financial engineering for projects and transactions in the emerging markets, stated this in their latest report titled: “Nigeria’s External Debt: The Post-Election Boomerang,” obtained by THISDAY at the weekend. The report pointed out that after a contentious, but successful presidential and National Assembly elections in Nigeria, investors have started re-evaluating the country’s outlook. It noted that Nigeria had taken on debt to support the economy despite a difficult external environment, adding that the country had also made some efforts for structural reform, including a more transparent exchange rate mechanism and diversification of the economy. The report noted: “Given the recent increase in […]