Nigeria Spends N3.14tn on Domestic Debt in Q1
The Federal Government spent N3.14 trillion on domestic debt service in the first quarter of 2026, with interest payments making up most of the total. The Debt Management Office (DMO)…
Nigeria’s Debt Bill Soars Past ₦144 Trillion
The Federal Government borrowed ₦4.79 trillion more than approved in 2024 after revenue fell well short of expectations, according to a new Budget Office report. This overspend forms part of…
IMF Warns Nigeria’s Debt May Hit $72.6bn
By Babatunji Wusu Nigeria’s public external debt could rise sharply to $72.6 billion by 2027, according to new projections from the International Monetary Fund (IMF), which has also warned that…
Tinubu Defends National Borrowing Policy to Finance Growth
By Babatunji Wusu President Bola Ahmed Tinubu has spoken out in defence of his government’s decision to take on new loans. He explained that borrowing is a normal part of…
