Nigerias Debt Crisis Looms as Record-Breaking Total Hits N136 Trillion

Nigeria's total debt is projected to reach a record N136 trillion as President Buhari seeks additional funding, raising concerns about the country's financial sustainability. The rapid growth of Nigeria's debt has sparked worry among experts and investors.

Nigeria is facing growing concerns over its rapidly accumulating debt, with its total debt expected to reach a record N136 trillion. The country's economic situation has been put under scrutiny following President Tinubus' recent request for fresh funding from the National Assembly, further exacerbating fears of a potentially unsustainable debt trap. As Nigeria's debt burden continues to grow, analysts are warning that the country must take immediate action to avoid a crisis that could have far-reaching consequences for its economy and people. With its debt now nearing N136 trillion, Nigeria is facing a daunting challenge in managing its finances.