By Babajide Komolafe
Fresh concerns have emerged over Nigeria’s debt burden with the outlook for 2026 indicating new borrowings at about N29 trillion.
Giving its verdict on the debt situation, the Nigerian Economic Summit Group (NESG), Nigeria’s foremost economic think-tank, in the May 2026 edition of its Debt Burden Monitor released yesterday, said that debt pressure is persisting beneath surface stability, adding that Debt Burden Index (DBI) is signaling elevated fiscal strain.
It stated: “Nigeria’s debt profile presents a nuanced but concerning picture as the economy transitions from 2024 into 2025.
“Headline indicators suggest a degree of stabilisation, yet underlying fiscal pressures remain elevated when assessed through a more comprehensive lens”.
Explaining the situation further in a historical perspective, NESG stated: “In 2024, the Debt Burden Index (DBI) declined to 70.9 points from a peak of 83.6points in 2023. At face value, this suggests an easing of debt st
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