Tag: Rising debt profile

Nigeria debt pressure rises, as FG borrows ₦8.1tr in just 3 months

Aminu Imam
9ja rising debt profile

Nigeria’s rising debt profile came under fresh scrutiny, as the Federal Government ramped-up domestic borrowing to ₦8.1 trillion in the first quarter of 2026, marking a 7.4% increase from ₦7.5 trillion recorded in the same period last year. Data from the Central Bank of Nigeria (CBNM and the Debt Management Office (DMO) show that the increase was largely driven by higher issuances of FGN Bonds and Savings Bonds, even as borrowing through Treasury Bills declined. Analysts say the trend reflects persistent revenue shortfalls and weak fiscal discipline, warning that the…

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Nigeria’s World Bank exposure hits $18.7bn, as public debt climbs to ₦153.29tr

Aminu Imam
Nigeria’s W'Bank exposure

Nigeria’s mounting debt profile has come under renewed scrutiny, as fresh data show the country has risen to become the third-largest borrower from the International Development Association (IDA), even as its total public debt surged to ₦153.29 trillion. Figures contained in the IDA Management’s Discussion and Analysis for the period ended December 31, 2025, reveal that Nigeria’s exposure to the World Bank’s concessional lending arm rose to $18.7 billion — a $1.9 billion increase from $16.8 billion recorded at the end of 2024. The 11.3% year-on-year rise places Nigeria behind…

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‘Heavy taxes, low wages, rising debt threaten stability’ – NLC 

Aminu Imam
NLC on taxes

The Nigeria Labour Congress, (NLC), has warned that heavy taxation, low wages and the country’s growing debt burden pose serious threats to Nigeria’s economic and democratic stability, as it strongly condemned the Federal Government’s newly introduced tax laws. In a statement issued yesterday, NLC President, Joe Ajaero, described the new tax regime as regressive and harmful to workers and low-income Nigerians, arguing that the policies worsen poverty and deepen inequality at a time when citizens are already grappling with high inflation and declining purchasing power. Ajaero faulted the process that…

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