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Buhari, Tinubu and Nigeria’s debt surge: What the numbers really reveal

The question is no longer whether governments should borrow, but how much they borrow, what the money is used for, and whether the resulting investments generate sufficient economic growth and government revenue to service the debt. As Nigeria approaches another election cycle, insecurity, rising living costs, economic hardship and fuel prices will dominate public debate. Yet another issue deserves equal attention: the country’s growing debt burden. [...]