Nigeria’s Mounting Debt: The Price Of Borrowed Stability In A Fragile Economy
By OBI DAVIES NIGERIA’S debt clock is ticking faster than ever. With total public debt surging to ₦152.40 trillion as of June 2025—an 11.6% year-on-year increase—the country finds itself deeper in a fiscal hole, balancing precariously between reform ambitions and financial dependence. The latest data from the Debt Management Office (DMO) paints a sobering picture: […]
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