The Lagos Chamber of Commerce and Industry (LCCI) has raised concerns over Nigeria’s escalating public debt, warning that it reflects increasing fiscal pressure on the economy and calling for more realistic policy measures. Nigeria’s total public debt rose to N159.28 trillion as of December 31, 2025, marking a year-on-year increase of N24.98 trillion, or 18.6 per cent, from N134.30 trillion recorded in 2024. The chamber noted that the continued rise is driven by fresh borrowings to finance fiscal deficits, alongside the impact of exchange rate depreciation on external debt. [...]