Nigeria has been caught in a borrowing web in the last decade as the budget deficit widened from N2.2 trillion in 2016 to N23.85 trillion in 2026, representing a 984 percent increase in 10 years.
Debt servicing jumped from N1.48 trillion to N15.52 trillion, while federal expenditure surged almost
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Oluwatobi Ojabello
Oluwatobi Ojabello, PhD, is a dynamic and multi-dimensional Assistant Editor for Economy and Markets with over two years of professional journalism experience. He delivers authoritative, data-driven coverage of fiscal policy, financial institutions and capital markets, using clear analysis to explain Nigeria’s most complex economic developments. His work focuses on macroeconomic policy, financial stability and corporate performance, turning technical issues into accessible narratives that inform both experts and everyday readers.
