Nigeria's Speaker Clarifies N149.39trn Debt, Tinubu Emphasizes Responsible Borrowing

Speaker of the House of Representatives, Hon. Tajudeen Abbas (Rep, Zaria), clarified Nigeria's N149.39 trillion debt situation, emphasizing President Bola Tinubu's commitment to responsible borrowing for productive investments. Minister of Finance, Wale Edun, expressed optimism about the country's fiscal outlook at the 11th Annual Conference of the West Africa Association of Public Accounts Committees.

The National Assembly approved Tinubu's ambitious external borrowing plan, including foreign loans and domestic borrowing. Abbas highlighted the potential for well-utilized public debt to drive growth and development in Nigeria.

The country aims to leverage responsible borrowing to spur economic progress.