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he Federal Government has allocated nearly ₦1 trillion to SUVs and empowerment projects in the 2026 budget, raising questions about spending priorities as Nigeria’s borrowing continues to rise.
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President Bola Tinubu’s administration has secured $11.40 billion in World Bank loan approvals within about three years, placing it close to the $14.59 billion approved during former President Muhammadu Buhari’s
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Nigeria has moved ahead with a $5bn UAE financing facility despite IMF concerns over transparency, collateral risks and the country’s long-term debt exposure.
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Federal Government spent N1.90 trillion more than it had budgeted on debt-related payments in the first nine months of 2025, according to data from the Budget Office of the Federation.
Read MoreThe Director-General of Nigeria Employers’ Consultative Association (NECA) Mr. Timothy Olawale, has said that the country’s mounting debt burden is worrisome and could have negative effects on the development of
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