As Africa’s largest economy, Nigeria faces a critical crossroads in its development trajectory; despite repeated efforts to spur growth and reduce poverty, the country’s mounting debt burden threatens to undermine its long-term progress.
Experts argue that with rising debt-service costs, limited revenue generation, and increasing dependence on external borrowing, Nigeria must reassess its current debt model.
Hence, they say that rethinking how and why the country borrows is not just an economic imperative, it’s essential for securing a sustainable future.
