Browsing: Nigeria’s public borrowing

Former presidential candidate of the Labour Party, Peter Obi, has again raised alarm over Nigeria’s ballooning public debt, decrying what…

The fresh borrowing includes N2.81 trillion as part of the new domestic borrowing of N6.06 trillion provided in the 2024 Appropriation Act and N4.90 trillion as part of the securitisation of the N7.3 trillion Ways and Means Advances approved by the National Assembly.