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The nation’s consolidated debt position has expanded to N159.27 trillion by the close of 2025, marking a substantial acceleration in public sector borrowing that has seen liabilities increase by over N14.6 trillion within a single fiscal year. The Debt Management Office’s fourth quarter disclosure reveals borrowing momentum that outpaced prior periods, with the final three…
African governments are increasingly turning to domestic borrowing to finance public spending as access to international capital markets remains constrained, a shift that offers protection from foreign exchange shocks but introduces fresh financial risks that threaten banking stability and economic growth across the region. The International Monetary Fund disclosed in its latest analysis titled…
