The Federal Government says Nigeria’s debt profile has been exaggerated, insisting borrowings under President Bola Tinubu over the past three years are far below the N80 trillion widely circulated by commentators.

• Says FG generated N21.6tn tax revenue in six months as economy rebounds, reserves hit 17-year high

Nigeria's Finance Minister clarifies the increase in public debt, stating it's largely due to naira depreciation and securitisation, not fresh borrowing by

According to the finance minister, exchange-rate revaluation and the recognition of inherited liabilities account for much of the increase in Nigeria’s public debt.

The Federal Government says Nigeria’s debt profile has been exaggerated, insisting borrowings under President Bola Tinubu over the past three years are far below the N80 trillion…

Says FG generated N21.6trn tax revenue in six months, external reserves hit 17-year high

The Federal Government on Monday dismissed claims that the President Bola Tinubu administration had borrowed about N80 trillion in the last..