Businesses Suffer as FG Borrowing Surges 90%
The Federal Government increased its domestic borrowing by 90.5 per cent to N24.7 trillion in the eight months to August 2026, crowding private businesses out of bank vaults across the country. The state borrowed just N12.98 trillion over the same stretch in 2025. President Bola Tinubu’s finance managers have already burned through 84.7 per cent…
