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Tag: Borrowing

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Despite subsidy removal, each Nigerian owes lenders N724,000

ALO3602 months ago2 months ago06 mins

By ALO360 Editorial Board A recent report by the Daily Trust puts Nigeria’s rising debt in simple terms: as of December 2025, the country’s total public debt of N159.28 trillion amounts to about N724,000 per Nigerian. Strip away the figures, and the implication is straightforward — the country is borrowing heavily, and the bill will…

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