Nigeria’s Debt May Soar to N111 Trillion Amid Fresh Borrowings

Recent analyses suggest that Nigeria’s total debt stock could surge from N87.3 trillion, as of December 2023, to a staggering N111.4 trillion, propelled by new borrowings in the first quarter of 2024. A comprehensive review by The PUNCH reveals that the Federal Government tapped various financing avenues, including fixed income instruments and a portion of … Continue reading Nigeria’s Debt May Soar to N111 Trillion Amid Fresh Borrowings