Nigeria’s disturbing public debt
It is disturbing that Nigeria’s borrowing has reportedly exceeded the approved borrowing limits by N47.79 trillion. This has pushed new debts to N12.62trillion to cover a widened budget deficit. The government should be more concerned about the economic implications of reckless borrowing. Borrowing should be aimed at achieving tangible results. Loans should deliver real impact on the people, create jobs, target production rather than consumption, grow the Gross Domestic Product (GDP) and improve the development of the country.
9th August 2026