Vero RecordArchive

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…

Files

  • PDF · 323.1 KB · text indexed, 39,765 characters
    SHA-256 a3ffe8e4dcf2429c104573e2ae2616fd147220d1b605ca214c4870c0b127afea
    from https://www.irejournals.com/formatedpaper/1711660.pdf