Public Debt, Macroeconomic Conditions, and Manufacturing Performance in Nigeria: Implications for Industrial Infrastructure Financing, 2015–2024
Nigeria’s persistent dependence on public borrowing has renewed debates on the relationship between sovereign debt, industrial development, and macroeconomic stability. Despite the rapid growth of Nigeria’s public debt stock—from approximately ₦12.6 trillion in 2015 to ₦144.67 trillion in 2024—the manufacturing sector...