NIGERIA’S rising debt profile, despite improving government revenues, presents a critical challenge that demands urgent action focused on transparency, fiscal discipline, and rigorous oversight to maintain debt sustainability.
The Speaker of the House of Representatives, Tajudeen Abass, sounded the alarm at a recent public forum, revealing that Nigeria’s public debt had surged to N149.39 trillion (approximately $97 billion) by the first quarter of 2025.
This escalation pushed the debt-to-GDP ratio to 52 percent, significantly surpassing the recommended ceiling of 40 percent.
The sharp increase from N121.7 trillion in 2024 highlights a growing fiscal burden and a continued reliance on…