The Nigerian Economic Summit Group warned that Nigeria’s debt pressures remain dangerously high despite apparent stability in traditional fiscal indicators.
According to Business Insider Africa, the Nigerian Economic Summit Group has warned that Nigeria’s debt crisis remains severe despite improvements in some fiscal indicators. In its May 2026 Debt Burden Monitor, the group said the Debt Burden Index fell from 83.6 points in 2023 to 70.9 in 2024, largely due to temporary easing in debt-servicing pressures.
However, it stressed that “Headline indicators suggest a degree of stabilisation, yet underlying fiscal pressures remain elevated when assessed through a more comprehensive lens.” The report noted Nigeria’s debt-to-GDP ratio rose to 40.6 percent in 2024 because of continued borrowing to finance deficits. NESG projected debt stress would remain high throughout 2025, warning that rising debt-service costs could weaken spending on healthcare, education, infrastructure and security while threatening long-term fiscal sustainability and economic growth nationwide.
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