In a startling report on Nigeria’s growing debt crisis, it has been revealed that every citizen now shoulders an individual debt burden of approximately N619,501.
The latest debt per capita analysis underscores the immense fiscal weight on the nation, driven by soaring loans and budget deficits.
Economists warn that the ballooning debt, which spans both domestic and international obligations, could stifle critical investments in infrastructure, healthcare, and education if left unchecked.
Staggering figure has sparked fresh debate on the need for sustainable financial strategies, as Nigerians question how future generations will manage this overwhelming national obligation.
The report has prompted urgent calls for reforms to curtail the country’s reliance on borrowing and to explore alternative revenue streams that could ease the nation’s debt load.
As discussions on economic reforms heat up, Nigerians face a crucial moment to redefine their financial future.
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