Business

Nigeria's Debt Soars: N166.79 Trillion and Rising

Nigeria's public debt burden has reached a staggering N166.79 trillion, marking a significant 4.67% increase in just three months. This alarming rise, driven by both domestic and external borrowing, spotlights the nation's growing financial challenges. SEVA explores the implications for Africa's largest economy.

AIT Live·September 26, 2026AI-curated

Nigeria’s total public debt stock rose by ₦7.44 trillion between March and June 2026, reaching ₦166.79 trillion, according to the latest figures from the Debt Management Office, DMO. Nigeria’s total public debt increased from ₦159.35 trillion as of March 31 to ₦166.79 trillion by

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This story was sourced from AIT Live and rewritten in SEVA editorial voice. Read the full original at the source.