Abuja, Nigeria – January 6, 2026: The Federal Government of Nigeria incurred a total of N1.98 trillion in electricity subsidy obligations over the 12-month period from October 2024 to September 2025, according to the latest quarterly reports from the Nigerian Electricity Regulatory Commission (NERC). The report shows that the subsidy burden was N471.69 billion in…
Nigeria spent $2.86 billion servicing external debt between January and August 2025, according to data released by the Central Bank of Nigeria (CBN) on Wednesday. This figure accounted for 69.1% of the country’s total foreign payments of $4.14 billion within the period. By comparison, debt servicing during the same period in 2024 stood at $3.06…
Nigeria’s public debt has increased by approximately N57.3 trillion over the first 18 months of President Bola Tinubu’s administration, according to data from the Debt Management Office (DMO). This marks a 65.6% rise from N87.38 trillion at the end of June 2023 to N144.67 trillion by December 2024. The surge is primarily attributed to a…
N4.7tn Debt: Power Firms Urge Urgent Meeting with President Tinubu Electricity generation companies (Gencos) are pressing for an expedited meeting with President Bola Tinubu to address the growing ₦4.7 trillion debt owed to them by the Federal Government. While no date has been confirmed, the Gencos are calling for the meeting to happen “as soon…
An analysis of the 2025 Appropriation Bill shows that the Federal Government plans to spend N8.52tn (inclusive of government enterprises) on personnel and pension costs for federal workers next year. This amount is an increase of N3.17tn or 59.16 percent from the 2024 provision of N5.35tn. The document also showed that government expenses on salaries…
