Concerns as Nigeria’s debt balloons to N149.39tn amid worsening infrastructural deficit

Concerns as Nigeria’s debt balloons to N149.39tn amid worsening infrastructural deficit

Financial experts and economists have raised concerns over Nigeria’s N149.39 trillion debt profile at the end of the first quarter of 2025 without a commensurate impact on the country’s infrastructure, economy, and the well-being of citizens.

The Debt Management Office debt figure released last Friday showed that Nigeria’s debt stock increased by N27.72 trillion, or 22.8 percent, from N121.67 trillion in the corresponding period in 2024.

The data indicated that the country’s debt of N149.39 trillion reflects a N4.72 trillion, or 3.3 percent, increase from N144.67 trillion as of December 31, 2024.