Should Nigeria Borrow More? Debt Comparison Sparks Debate

The government argues that Nigeria’s debt level remains lower than Egypt, South Africa and Senegal, so there is still room to borrow. Critics counter that borrowing only counts if the funds improve power supply, roads and jobs. They ask why electricity is unreliable, food prices keep rising and insecurity persists. Many Nigerians say officials focus on debt numbers but ignore daily struggles. With living costs high, talk of more loans may deepen frustration. The big question is: should Nigeria keep borrowing to drive growth or focus on making existing resources work better?

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