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More money, more loans: Inside Nigeria’s endless borrowing cycle
NG🏛️ PoliticsCenter4 hr. ago

More money, more loans: Inside Nigeria’s endless borrowing cycle

The article discusses Nigeria's ongoing financial challenges despite claims by President Bola Tinubu and former Finance Minister Wale Edun that the country has met its revenue targets and reduced reliance on borrowing. Tinubu announced in September 2025 that Nigeria had achieved its revenue goal ahead of schedule, suggesting a potential shift away from debt financing. However, recent data reveals that public debt has continued to rise, reaching N159.28tn by the end of 2025—an increase of N14.61tn or 10.10% compared to 2024. This trend indicates that although revenue has increased, expenditures, deductions, and debt obligations have grown nearly as quickly, maintaining the need for continued borrowing. The Federal Government holds the majority of the public debt, with both external and domestic components contributing significantly to the overall debt burden.

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The Punch logoThe PunchIndependentCenter4 hr. ago
More money, more loans: Inside Nigeria’s endless borrowing cycle

The article discusses Nigeria's ongoing financial challenges despite claims by President Bola Tinubu and former Finance Minister Wale Edun that the country has met its revenue targets and reduced reliance on borrowing. Tinubu announced in September 2025 that Nigeria had achieved its revenue goal ahead of schedule, suggesting a potential shift away from debt financing. However, recent data reveals that public debt has continued to rise, reaching N159.28tn by the end of 2025—an increase of N14.61tn or 10.10% compared to 2024. This trend indicates that although revenue has increased, expenditures, deductions, and debt obligations have grown nearly as quickly, maintaining the need for continued borrowing. The Federal Government holds the majority of the public debt, with both external and domestic components contributing significantly to the overall debt burden.

Bias read (Center): The article presents information from multiple perspectives, including statements from President Tinubu and former Finance Minister Edun, while also citing official debt data. There is no clear ideological slant in the framing of the narrative, nor is there overt editorialization. The piece aims to

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