International records / OpenAlex research
External Debt Servicing, Exchange Rate Volatility, and Construction Sector Performance in Nigeria: Macro-Financial Transmission Channels and Sectoral Vulnerability
This study investigates the critical relationship between Nigeria’s escalating external debt servicing obligations, extreme exchange rate volatility, and the resultant impact on the performance of the construction sector. The Nigerian construction industry, a vital engine for economic growth and infrastructure development , is subjected to intense macroeconomic pressure due to fiscal fragility and monetary instability. Furthermore, the extreme depreciation of the Naira (which plummeted from N460.70 per US dollar in May 2023 to N1,738.74 per US dollar in November 2024) acts as a shock multiplie…
