Africa’s Debt Paradox: Rising Liabilities vs Stalled Development – Why Borrowing Has Not Delivered Growth
By Dr. Okelue David Ugwunta Africa’s mounting debt crisis reveals a troubling paradox: a continent rich in natural wealth yet burdened by rising liabilities, infrastructure gaps, persistent poverty, and weak institutions. From Ghana’s prolonged debt distress to Nigeria’s liabilities consuming 75% of revenue alongside $24.14 billion in external borrowing—the pattern is clear: borrowing without transformation. … [Read more…]