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Concerns are mounting over Nigeria’s rising debt profile as a growing share of government revenue continues to be allocated to debt servicing, raising questions about the sustainability of the country’s borrowing strategy.
An editorial analysis published by warns that the increasing cost of debt repayment is gradually limiting the government’s ability to fund critical development priorities such as infrastructure, education, healthcare, and security.
The report notes that while borrowing remains an important tool for financing national development, its effectiveness depends largely on how the funds are deployed and whether they generate enough economic returns to support repayment obligations. In Nigeria’s case, however, rising debt-service commitments are said to be crowding out productive public spending