Debt pressure mounts as FG borrows N8.1trn in 2026 already

The Federal Government increased its domestic borrowing by N8.1 trillion in the first quarter of 2026, marking a 7.4% rise from the previous year. Analysts point to revenue gaps and fiscal indiscipline, urging the government to cut waste and boost revenue. The World Bank warns that rising debt servicing costs are crippling the ability to fund critical infrastructure.