Nigeria’s public debt soars to N149trn as China, World Bank emerge top creditors (The Daily Times)

1 Jul 2025 12:34 pm
Business

Nigerias public debt has reached a staggering N149 trillion with China and the World Bank being the top creditors. This increase in debt is a cause for concern as it could lead to economic instability and hinder the countrys growth and development. The governments borrowing has been attributed to the need to fund infrastructure projects and address the impact of the COVID-19 pandemic. However experts warn that the countrys debt servicing costs could become unsustainable in the long run. The government must carefully manage its borrowing and prioritize investments that will generate revenue to avoid further debt accumulation and potential financial crisis.

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Link to Original Story: https://dailytimesng.com/nigerias-public-debt-soars-to-n149trn-as-china-world-bank-emerge-top-creditors/

Discussion Points:

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  • 1) Nigeria’s debt is now ₦149 trillion, mostly owed to China and the World Bank. Are we borrowing beyond our limits
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  • 2) With our debt rising so fast, Are everyday Nigerians seeing any real benefit from these loans?
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  • 3) With China and the World Bank as Nigeria’s top lenders, Are we at risk of losing too much control over our economy?
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  • 4) Some say the issue isn’t borrowing but how the funds are used. Is that true or is our debt already a major red flag?
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  • 5) With rising debt and poor services, Are Nigerians right to ask where all the borrowed money is really going?
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