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Nigeria debt

Nigeria’s Debt May Surpass N200trn Before 2027 – Expert

As the current administration of President Bola Tinubu implements reforms to strengthen the economy, there are concerns about the persistent increase in debt stock. Chief Economist and Senior Partner at SPM Professionals, Dr Paul Alaje, expressed worries that except there are significant

July 10, 2025

Business·Finance & Economy

Concerns As Naira Depreciation Pushes Nigeria’s Debt To N149.39trn

Nigeria’s escalating public debt has triggered concerns about the economic and social impact. The public debt has surged to N149.39 trillion (approximately $97.24 billion) as of 31 March 2025, according to data released by the Debt Management Office (DMO). This marks a 22.8 per cent or N27.72 trillion

July 2, 2025

Tinubu's Quest For Fresh N tn Foreign Loan May Push Nigeria’s External Debt To $bn By Year End

Finance & Economy

Quest For Fresh N1.767tn Foreign Loan May Push Nigeria’s Debt To $45bn

There are concerns that Nigeria’s external debt could reach $45.1 billion by the end of 2024 following the Federal Government’s plans to obtain more foreign loans, leading to an impending debt crisis. President Bola Tinubu on Tuesday sent a letter to the

November 20, 2024

Nigerian Govt Spends More On Debt Servicing Than Capital Expenditure, Personnel Costs, In Q1 2024

Finance & Economy·News

How Nigerian Govt Can Raise $50bn To Tackle Debt Burden – Expert

Chief Executive Officer of CFG Advisory, Tilewa Adebajo, has stated that the Nigerian government can raise $50 billion through sale of assets, reduce its debt burden. He warned that if the federal government does not take drastic measures to address the debt

August 31, 2024

Business·News

₦121.67trn Debt: SERAP Demands Probe Of World Bank Loans Spending By Nigerian Govt

SERAP has called on the World Bank Inspection Panel to probe allegations of corruption in the spending of loans and other funding facilities obtained from the Bank by Nigeria’s Federal Government and 36 state governors.

June 23, 2024

Business·Finance & Economy·News

Tilewa Adebajo Calls For Diversifying Revenue Base To Tackle Nigeria’s Inflation

Tilewa Adebajo, the Chief Executive Officer of CFG Advisory, stressed the necessity for Nigeria to broaden its revenue streams in order to combat the prevailing inflation challenge. Adebajo emphasized the urgency of diversification to bolster the government’s financial capacity and foster economic

November 17, 2023

Tinubu Writes NASS, Seeks Approval For N500bn Subsidy Removal Palliatives

News

Tinubu Seeks $7.8bn, €100m Loans After Presenting N2.18trn Supplementary Budget

President Bola Tinubu has sought Senate approval for a second round of loans totaling $7.8 billion and €100 million, barely a day after his N2.18 trillion supplementary budget request was presented. The move has left many Nigerians wondering about the implications and

November 2, 2023

Editorial

Nigeria Isn’t Broke – Editorial

Nigeria’s Minister of Budget and National Economic Planning, Atiku Bagudu, the other day declared that President Bola Ahmed Tinubu’s government was facing a serious revenue deficit, as “there’s no money anywhere in the country, the government is just managing to pay salaries.”

October 23, 2023

Finance & Economy·News

Nigerian Govt Restructures CBN Debt To N4.36tn In 2023

The Nigerian government has restructured its debt to the Central Bank of Nigeria (CBN), resulting in a reduction of the owed amount to N4.36 trillion as of June 2023, according to data from the CBN’s quarterly statistical bulletin. This change follows

October 22, 2023

Africa·News

Nigerian Senator Proposes Climate Debt Swap At World Bank/IMF Meeting

Senator Jimoh Ibrahim of Ondo South Senatorial District has called for a unique approach to Africa's debt crisis. He recommended that Africa's debts, including those of Nigeria

October 12, 2023

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Nigeria debt

Nigeria’s Debt May Surpass N200trn Before 2027 – Expert

Concerns As Naira Depreciation Pushes Nigeria’s Debt To N149.39trn

Quest For Fresh N1.767tn Foreign Loan May Push Nigeria’s Debt To $45bn

How Nigerian Govt Can Raise $50bn To Tackle Debt Burden – Expert

₦121.67trn Debt: SERAP Demands Probe Of World Bank Loans Spending By Nigerian Govt

Tilewa Adebajo Calls For Diversifying Revenue Base To Tackle Nigeria’s Inflation

Tinubu Seeks $7.8bn, €100m Loans After Presenting N2.18trn Supplementary Budget

Nigeria Isn’t Broke – Editorial

Nigerian Govt Restructures CBN Debt To N4.36tn In 2023

Nigerian Senator Proposes Climate Debt Swap At World Bank/IMF Meeting

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