Shock as Nigeria's debt set to balloon as President Tinubu seeks fresh loan

  • President Bola Tinubu’s move to borrow another $8.6 billion external loan would take Nigeria’s debt close to N100 trillion
  • The President asked the National Assembly to approve $8.6 billion and 100 million euro loan
  • The country’s current debt profile stands at N87.579 trillion as of June 30, 2023

Pascal Oparada has over a decade of experience covering Tech, Energy, Stocks, Investments, and Economy.

Nigeria’s external debt profile will hit close to N100 trillion as President Bola Tinubu, on Tuesday, November 28, 2023, asked for the approval of the National Assembly for a fresh $8.6 billion and 100 million euro foreign loan.