Debt
Nigerian states spent a staggering ₦235.58bn servicing external debt in the first half of 2025, representing a 68.4 per cent jump from ₦139.92bn in the same period of 2024, according to data from the National Bureau of Statistics. The sharp rise underscores the growing pressure of dollar-denominated loans on state finances amid a weakening naira. […]
Former Labour Party presidential candidate Peter Obi has raised alarm over Nigeria’s rapidly increasing debt burden, warning that the country’s total public debt may surpass ₦200 trillion by the end of 2025. In a statement released via his official X (formerly Twitter) handle, Obi criticised the Federal Government’s continued borrowing, describing it as fiscally reckless and unsustainable, with […]
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