The Federal Government has ramped up its domestic borrowing to N10.85 trillion in the first four months of 2025, despite growing concerns over Nigeria’s rising public debt.

This marks an increase from N10.77 trillion during the same period in 2024, with the government primarily relying on Treasury Bills (TBs) and Savings Bonds. Total public debt surged by 48.6% to N144.66 trillion in 2024, with debt servicing costs escalating. Analysts warn that the government’s borrowing could strain finances further, given underperforming oil revenues and rising debt service ratios.

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