The pattern is clear. Nigeria earns, then pays debt. It earns more, then pays more debt. By the time anything is left for roads, hospitals, or schools, much of it is already gone. Read that again.
Now, let’s talk about the growing debt. In 2021, Nigeria’s debt stood at N33.1 trillion. By mid-2025, it had climbed to N149.29 trillion. That kind of growth affects how resources are allocated, what gets funded, and what gets left behind.
🎥 Watch the full breakdown of how Nigeria’s debt has grown, what is driving it, and what it means for development going forward.
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