25/03/2024
Nigeria’s public debt in race to N100trn by June, warn analysts
With grim statistics showing unabating borrowings by the President Bola Tinubu-led federal government, a carryover from its predecessor government led by Muhammadu Buhari, the lines appear to be straightening into one as analysts now project that Nigeria is heading steadily to a public debt position of N100 trillion or more by June this year.
The projection is based on the spate of the country’s current borrowing trajectory, which is feared to continue and head to at least one hundred trillion naira mark by mid-year. The Nigerian government is highly geared domestically and this was seen as responsible for a climb in public debt in the latest data to December 2023 released by the Debt Management Office (DMO).
https://www.businessamlive.com/nigerias-public-debt-in-race-to-n100trn-by-june-warn-analysts/
