Nigeria’s New Debt Surge and the Question of What It Bought

Businessday | 04-05-2026 05:57pm |

Since President Bola Ahmed Tinubu assumed office on May 29, 2023, Nigeria has experienced a significant increase in public debt. The latest figures indicate that the country's debt levels have surged, raising concerns among economists and policymakers regarding the implications of this financial trend. Analysts are now questioning the specific investments and expenditures that have contributed to this rise in debt, as well as the potential impact on Nigeria's economic stability and growth prospects.

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