FG overshoots borrowing limit as new debt reaches N12.62tn

Nigeria’s Federal Government exceeded its 2024 borrowing limit by N4.79tn, with new debt reaching N12.62tn due to revenue shortfalls. Discover the impact o

The Briefing Africa

July 29, 2026 · 01:15 · 5 min read

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Nigeria’s Federal Government exceeded its 2024 borrowing limit by N4.79tn, with new debt reaching N12.62tn due to revenue shortfalls. Discover the impact o

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FG overshoots borrowing limit as new debt reaches N12.62tn