FG Breaks Down N152 Trillion Debt, Says Increase Not From New Loans

FG breaks down N152 trillion debt, says increase not from new loans

The Federal Government has explained that Nigeria’s N152 trillion public debt is largely driven by improved transparency and foreign exchange …

FG breaks down N152trn debt, says increase not from new loans ‎

‎The Federal Government has explained that Nigeria’s N152 trillion public debt is largely driven by improved transparency and foreign exchange adjustments, not a surge in new borrowing. ‎ ‎The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, gave the explanation during the launch of the Nigerian Economic Summit Group (NESG) […]

Nigeria’s N152trn Debt Not Reckless Borrowing, Says Finance Minister

Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has defended the country’s rising public debt figure of N152tn, insisting it does not reflect reckless borrowing but improved transparency, foreign exchange reforms and better fiscal reporting. Edun made the clarification on Thursday in Lagos while delivering his first keynote address of 2026 at the launch of the Nigerian Economic Summit Group (NESG) 2026 Macr…