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FG Speaks on Borrowing N80tn, Reveals Reason for Increase in Debt Figures

The Federal Government has dismissed reports that the administration of President Bola Tinubu borrowed about N80 trillion in fresh loans, explaining that the sharp increase in Nigeria’s public debt was mainly caused by accounting adjustments, exchange rate changes and the recognition of old obligations rather…

July 21, 2026 Nigeria Politics Nigeria

The Federal Government has dismissed reports that the administration of President Bola Tinubu borrowed about N80 trillion in fresh loans, explaining that the sharp increase in Nigeria’s public debt was mainly caused by accounting adjustments, exchange rate changes and the recognition of old obligations rather…

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