Nigerian Government Clarifies N152 Trillion Debt Increase Not From New Loans
The Nigerian government has explained that the rise in the country's public debt to N152 trillion is primarily driven by enhanced transparency and foreign exchange adjustments, not from new borrowings. During the launch of the Nigerian Economic Summit Group (NESG) 2026 macroeconomic outlook report in Lagos, Minister of Finance, Wale Edun, clarified that the debt increase breakdown aims to address public concerns.
Special Adviser to the Minister of Finance, Dr. Ogho Okiti, emphasized that the adjustments in debt figures reflect exchange rate changes rather than accumulating new external loans. The government aims to restore investor confidence through responsible debt management and fiscal discipline.
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