Nigeria’s federal government has sharply increased its reliance on the domestic debt market, with borrowing from local investors reaching N24.7 trillion between January and August 2026, a 90.5 per cent increase compared with the N12.98 trillion recorded during the same period in 2025. The scale of the increase is raising fresh concerns about the availability […]
ABUJA — A fresh dispute over the financial management of the Federal Capital Territory has emerged after Senator Ireti Kingibe alleged that FCT Minister Nyesom Wike incurred loans for Abuja without first obtaining the approval of the National Assembly. Kingibe, who represents the Federal Capital Territory in the Senate, made the allegation during an interview […]
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IntroductionAs Nigeria grapples with rising debt levels, the Federal Government (FG) has significantly exceeded its domestic borrowing target for 2024. With President Bola Tinubu poised to present the 2025 national budget to the National Assembly, borrowing remains a critical issue. The FG has already surpassed its 2024 borrowing limit by N4 trillion—67% higher than initially […]
