Nigeria’s debt profile hits ₦99 trillion as Tinubu secures fresh $25.3m loan from Kuwait

Nigeria’s debt profile hits ₦99 trillion as Tinubu secures fresh $25.3m loan from Kuwait

In a concerning turn of events, Nigeria’s total debt has now skyrocketed past ₦99 trillion, thanks to a new loan of $25.3 million (around ₦39 billion) that the Tinubu administration has reportedly secured from Kuwait.

With inflation taking a toll and essential services crumbling, many are left wondering: “Where is all this borrowed money actually going?”

Here are the key worries:

More debt means higher interest payments, which translates to less funding for healthcare, education, and job creation.

The burden falls on citizens through increased taxes, subsidy cuts, and relentless inflation.

There’s no visible impact on national development from the trillions already borrowed.

Nigeria now owes nearly ₦100 trillion, yet millions remain unemployed, civil servants are waiting for their pay, and insecurity is escalating daily.

“We were promised that borrowing would cease. Now, loans are coming in from Kuwait?” Nigerians are voicing their concerns and demanding answers!