Nigeria’s Debt May Hit N200 Trillion in Four Years Without Reforms, Agbakoba Warns
By Aboki Forex —
Nigeria’s total public debt could surge to N200 trillion within the next four years if the federal government maintains its current borrowing pattern without major fiscal reforms. Dr. Olisa Agbakoba, a Senior Advocate of Nigeria and former President of the Nigerian Bar Association, issued the warning on Tuesday.
The country’s debt stock currently stands at N159.28 trillion. Agbakoba said this trajectory raises serious concerns about fiscal sustainability. He urged the government to urgently implement structural changes to curb excessive borrowing.
Without such reforms, he warned, the debt burden could spiral out of control and strain the economy further. The call comes as Nigeria grapples with high inflation, a weak naira, and mounting pressure on public finances.