Nigeria's Public Debt Surges to N152.39 Trillion, Each Citizen Owes N662,565

Nigeria's total public debt has reached N152.39 trillion, translating to each Nigerian owing N662,565. The debt has grown by N87.4 trillion since June 2023, with external debt accounting for 47.1% of the total.

The Federal Government's debt stands at N80.55 trillion, with concerns raised about the impact on infrastructure and healthcare spending. Experts caution about fiscal risks amid sluggish revenue growth and inflation.

Zacch Adedeji of FIRS emphasizes efficient spending, while Muda Yusuf of CPPE highlights the need for prudent fiscal management.