Debt

Economy

Nigerian govt to take record debt to fund 2026 budget

Plu Team -
The federal government is planning to use an unprecedented amount of borrowing to fund...
Policy

Tinubu is taking $24 billion in new loans weeks after clearing IMF debt

Plu Team -
Just weeks after celebrating the repayment of a $3.3 billion loan to the International...
Economy

Nigeria’s most indebted states: Lagos, Kaduna, Edo top list

Olawale Afolabi -
Lagos and Kaduna states lead Nigeria’s subnational debt chart, with combined external and domestic...
Economy

Tinubu seeks National Assembly approval for new N1.77 trillion loan

Plu Team -
President Bola Tinubu has requested approval from the National Assembly to borrow N1.767 trillion...
Economy

Nigerians may pay more as Tinubu seeks higher tax-to-GDP

Olawale Afolabi -
President Bola Tinubu says his administration aims to rapidly increase Nigeria’s tax coverage as...
Nation

Abia state gets $240 million foreign loan for road, erosion projects

Plu Team -
Abia state government will receive $240 million ($185 billion) in foreign loan to finance...
Economy

Nigeria projected to spend entire revenue on debt in two years

Jane Kalu -
Nigeria could spend more than its entire revenue on debt payment by 2025 if...
Economy

Buhari gets Senate help on illegal N23.7 trillion CBN loan

Ini Ekott -
The Senate has approved President Muhammadu Buhari’s request to restructure a N23.7 trillion ($49...
Economy

Nigeria’s new debt figure suggests how much each citizen owes

Plu Team -
Nigeria’s total debt rose to N46.3 trillion or $103.11 billion at the end of...