Tinubu’s 24-Month Borrowing of ₦65.9trn Surpasses Nigeria’s 55-Year Debt Total

The chairman of a Nigeria economic research group warns that President Tinubu’s administration borrowed ₦65.9 trillion in just two years—more than five times the ₦12 trillion accumulated over the first 55 years of independence. With total public debt at ₦159.28 trillion as of April 2026, every Nigerian now carries a ₦670,000 debt burden. Recalling Obasanjo’s 2006 Paris Club debt pay-off and the debt rises under Jonathan and Buhari, he urges urgent revenue reforms and fiscal discipline to prevent long-term pressure on public finances and critical sector spending.

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