CFG Advisory Warns Rising Debt Servicing Neutralizes Nigeria's Fuel Subsidy Savings

CFG Advisory cautions that Nigeria's savings from fuel subsidy removal have been offset by escalating debt servicing expenses, hindering the government's ability to allocate resources for critical development initiatives and social welfare programs. The firm emphasizes the urgent need for reforms to drive product-led growth and address the country's fiscal challenges.

Tilewa Adebajo, the Chief Executive Officer of CFG Advisory, highlights the unsustainable public debt level and the strain it places on Nigeria's finances. The analysis underscores the importance of fiscal discipline amidst concerns over the impact of upcoming elections on economic management in 2026.