Tinubu's Government Exceeds 2025 Borrowing Target by 55.6% in Nigeria
The Nigerian government under Bola Tinubu has surpassed its 2025 borrowing target by 55.6%, borrowing 17.36 trillion Naira from domestic and external sources in the first ten months of the year. This exceeds the prorated benchmark set in the Appropriation Act for 2025.
Analysts warn of the risk of falling into a debt trap due to weak revenue performance and increased debt servicing costs. Experts like Andrew Uvias and David Adonri criticize the government's fiscal indiscipline and urge for a reduction in Nigeria's debt servicing to revenue ratio.
The borrowing trend is seen as undermining investor confidence and limiting private sector access to credit.
Plus234Feed summary based on reporting from News Online Nigeria. Read the original report below.
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