By OBIOMA TORI AFRICA is facing a record surge in sovereign debt repayments in 2026, with Nigeria, Egypt, South Africa, and Angola accounting for the bulk of the continent’s $90 billion external obligations, according to the latest African Sovereign Ratings Outlook from S&P Global Ratings. The figure represents more than a threefold increase in repayments […]
By OBIOMA TORI NIGERIA’S growing reliance on debt has sparked renewed warnings from economists, policy experts, and civil society groups, who caution that without structural reforms and transparency, the nation risks long-term fiscal instability. The Senate recently approved a ₦1.15 trillion domestic loan to help fund the 2025 budget deficit, highlighting the government’s dependence on […]
By FIDELUS ZWANSON NIGERIA’S Federal Government (FG) has exceeded its 2025 borrowing target by ₦6.06 trillion, raising ₦17.36 trillion from domestic and foreign sources in the first ten months of the year—55.6 percent higher than the prorated limit of ₦10.9 trillion set in the Appropriation Act. Data from the Debt Management Office (DMO) and the […]
SPEAKER of the House of Representatives, Tajudeen Abbas, has sounded the alarm over Nigeria’s growing debt burden, warning that the nation has exceeded its statutory debt limit, endangering long-term fiscal stability. Speaking on Monday at the 11th Annual Conference and General Assembly of the West Africa Association of Public Accounts Committees (WAAPAC) in Abuja, Abbas […]