Businesses suffer as federal government’s domestic borrowing surges 90% to N24.7 trillion
Translated from English and summarized by DistantNews. Read the original for the full story.
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- Nigeria’s federal government increased domestic borrowing by 90.5% year on year to N24.7 trillion in the eight months through August 2026.
- Borrowing stood at N12.98 trillion during the corresponding period of 2025, according to the report.
Nigeria’s federal government increased its borrowing from domestic investors by 90.5% year on year, reaching N24.7 trillion in the eight months through August 2026.
That compares with N12.98 trillion borrowed during the same period of 2025. The report frames the sharp increase as a burden on businesses.
About this summary
Originally published by Vanguard in English. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.
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