FG Defends N152tn Debt, Blames Rise on FX Revaluation, Transparency
The Nigerian federal government is defending the increase in public debt, now estimated at around 152 trillion naira, emphasizing that this rise is primarily due to greater transparency and exchange rate adjustments, not reckless borrowing. Presenting the Nigerian Economic Summit Group's (NESG) 2026 Macroeconomic Outlook in Lagos, Coordinating Minister for Economic and Financial Affairs Wale Edun stated that the Tinubu government has prioritized transparency and fiscal discipline in the accounting […]