Nigerian gov't says external borrowing within sustainable limits


By TunjiYang Zhe
  • World
  • Thursday, 29 May 2025

ABUJA, May 28 (Xinhua) -- The Nigerian government said Wednesday that it will continue to borrow within manageable limits and per the country's debt sustainability framework while refuting allegations of overborrowing from concerned citizens.

In a statement issued Wednesday in Abuja, the Nigerian capital, the Federal Ministry of Finance said the most populous African country has adopted a structured, forward-looking approach that facilitates comprehensive financial planning and avoids the inefficiencies of ad-hoc or reactive borrowing practices.

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