FG borrows N11.9trn in two years, says subsidy removal averted higher debt
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FG borrows N11.9trn in two years, says subsidy removal averted higher debt
Nigeria’s Federal Government borrowed an additional N11.9 trillion between June 2023 and December 2025, even as the administration of President Bola Tinubu pursued reforms aimed at expanding government revenues and reducing the country’s dependence on borrowing. The figure, disclosed by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has raised fresh questions about whether the fiscal gains from the government’s …
FG borrows N11.9 trillion in two years, says subsidy removal prevented more debt
The Federal Government borrowed N11.9 trillion between June 2023 and December 2025, but says the amount would have been significantly higher without the fiscal space created by its economic reforms. The post FG borrows N11.9 trillion in two years, says subsidy removal prevented more debt appeared first on Nairametrics.
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