Nigeria foot-drags to unlock N180trn assets as debt piles

Nigeria has accumulated a large stock of dead assets estimated at N180 trillion, yet the nation is foot-dragging to unlock them even as public debt piles up. Dead assets are not generating income and do not increase productivity or wealth. In a book entitled ‘The Mystery of Capital,’ Hernando de Soto, a Spanish explorer and conquistador, explains that dead capital holds the potential for significant economic growth for nations with economic challenges. According to PwC’s estimates, Nigeria has as much as N180 trillion or $900 billion trap