On the 16th December 2021, I had a fascinating chat with Shuaibu Idris, a Nigerian development economist and MD of Time-Line Consult, a Lagos-based financial consultancy and management firm, about the state of infrastructure spending and general investment levels on the continent for an article for the weekday South African media outlet, Business Day.
While all eyes are focused on inflation, the real underlying problem is the total debt – both public and private combined – that advanced economies have accumulated since 1945 and has gone into overdrive since the GFC in 2008.