Federal Govt’s Borrowing Jumps 75.6% Year‐on‐year

Leadership | 28-06-2026 08:17pm |

Fresh Central Bank of Nigeria (CBN) data released this week shows a sharp increase in federal government borrowing over the past year, while credit to businesses and households expanded only modestly. The CBN said credit to the federal government climbed to N40.38 trillion in May 2026 from N22.99 trillion in May 2025 — a 75.6

Stay Updated with the Latest News!

Don't miss out on breaking stories and in-depth articles.