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Nigeria’s Debt to hit N162tn as Tinubu seeks N17.4tn fresh loans
Headlines

Nigeria’s Debt to hit N162tn as Tinubu seeks N17.4tn fresh loans

Using the current official exchange rate as of May 27, 2025 at N650 to $1; the proposed borrowings of $21 billion (N13.65 trillion), €2.19 billion (N4 trillion), 15 billion Japanese Yen (N174 billion) and €65 million (N116 billion) will amount to N17.355 trillion, pushing the country’s debt burden to N162.025 trillion.

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