LCCI Warns Nigeria's Rising Borrowing Could Threaten Fiscal Stability

The Lagos Chamber of Commerce and Industry (LCCI) has raised concerns about Nigeria's escalating borrowing trend, potentially jeopardizing fiscal stability. As of June 2025, Nigeria's total public debt hit N152.4 trillion, marking a year-on-year increase of N18.1 trillion or 13.5% from N134.3 trillion in 2024.

The LCCI's warning underscores the need for prudent debt management to avoid adverse economic consequences and ensure sustainable growth in the country.