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Nigeria’s public debt has become the most contested number in the country’s fiscal conversation, and the Federal Government moved on Monday to reclaim the narrative, telling senators that the widely repeated figure of N80 trillion in fresh borrowing under President Bola Tinubu is exaggerated and rooted more in accounting than in new loans….
Total public debt stock for Africa’s largest economy climbed to N159.28 trillion as of December 2025, with domestic borrowing now constituting the larger share of the nation’s liabilities, according to official figures released by the Debt Management Office. The data, which aggregates the obligations of the Federal Government, the 36 state governments, and the…
