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<p class="my-6 leading-relaxed text-foreground">Nigeria’s economy is under the spotlight again, and this time, it’s about the numbers—big ones. According to the Debt Management Office, Nigeria’s external debt skyrocketed by 26.07% in the first quarter of 2025, hitting ₦70.63 trillion ($45.97 billion), up from $42.11 billion a year ago. Domestic debt wasn’t far behind, climbing to ₦78.76 trillion by March 2025. That’s a lot of zeros, and it’s got Nigerians talking. Former Vice President Atiku Abubakar didn’t mince words, pointing out that public debt has ballooned by 65.6% since President Tinubu took office in 2023. Meanwhile, the government is eyeing a new $24.14 billion loan to fund infrastructure projects, which has sparked debates about whether Nigeria is borrowing its way into trouble or investing in growth. With budget pressures mounting, everyday Nigerians are feeling the pinch. Want to stay on top of your finances during these economic times? Zenith Bank Nigeria offers smart savings and investment options to secure your future. Visit their site to explore their plans! What’s your take on Nigeria’s rising debt? Is it a necessary evil or a risky move? Let us know in the comments!</p>
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