In the first nine months of 2025, the federal government of Nigeria incurred a debt of N11.89 trillion. However, only N3.10 trillion of this amount was allocated to capital projects during the same period. This significant disparity between borrowing and spending on development initiatives raises concerns regarding fiscal management and the effective utilization of borrowed funds. The information was reported by The Sun Nigeria.
Don't miss out on breaking stories and in-depth articles.
