Veronica Viashima Luper

The Slavery Paradox: Foreign Debt and Nigeria's Economic Sovereignty

Nigeria’s external debt exceeded $45 billion by 2025, with debt‑servicing costs consuming over 144 percent of retained revenue, a condition this study terms the “Slavery Paradox”—where political independence coexists with fiscal subjugation to external creditors. The paper examines how foreign loan dependence, enforced...