Naira Depreciation, Borrowings Drive Nigeria’s Debt To N121.67trn
Nigeria’s public debt has reached an alarming N121.67 trillion, increasing by N24.33 trillion or 24.99 per cent within just three months, according to the Debt Management Office (DMO). This rise, largely driven by the naira’s depreciation, highlights the nation’s ongoing economic challenges.
![Worshippers stand inside the Menjar Shenkora Arerti Mariam Church under construction that collapsed in Arerti, Amhara region of northern Ethiopia, on Wednesday, October 1, 2025 [Samuel Getachew/AP Photo]](https://www.primebusiness.africa/wp-content/uploads/2025/10/Ethiopian-church-collapse-480x384.webp)
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