Tinubu’s Cabinet Driving Nigeria Into Generational Debt: Alarming Rise in First Term
In the span of just over two years since President Bola Ahmed Tinubu assumed office in May 2023, Nigeria’s public debt has ballooned to unprecedented levels, reaching a staggering N152.40 trillion as of June 30, 2025. This represents a sharp increase of N3 trillion in just three months, fueling widespread alarm that the administration’s fiscal policies are saddling future generations with an insurmountable debt burden. Critics argue that Tinubu’s cabinet, through aggressive borrowing and unchecked spending, is prioritizing short-term fixes over sustainable economic growth, potentially locking Nigeria into a cycle of dependency on international lenders. The Alarming Debt Trajectory Under Tinubu When Tinubu took the helm, Nigeria’s total public debt stood at approximately N77 trillion. Fast forward to mid-2025, and that figure has nearly doubled, driven by a combination of domestic and external borrowings. The Debt Management Office (DMO) reports that this surge includes new loans ...