Nigeria's public debt has risen to approximately ₦166 trillion as of June 2026, an increase of about ₦7 trillion in three months, according to the Debt Management Office. The article notes that public borrowing can serve legitimate purposes such as financing infrastructure and managing fiscal pressures. However, it raises concerns about whether the debt is building an economy capable of sustaining future obligations. The focus is on the fiscal pressures confronting the government.
Related Articles
Don't miss out on breaking stories and in-depth articles.