When President Bola Ahmed Tinubu assumed office on May 29, 2023, one of the biggest economic challenges facing his administration was Nigeria’s growing public debt burden. Since then, the government has continued to rely heavily on both domestic and external borrowing to finance budget deficits, stabilize the economy, fund infrastructure, and support economic reforms.
However, the sharp increase in Nigeria’s debt profile under Tinubu has sparked national debate. Critics argue that the country is borrowing too aggressively despite worsening inflation and hardship, while supporters insist the borrowing is necessary to prevent economic collapse and finance critical projects.
How Much Debt Did Tinubu Inherit?
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