Post by Henry Emeka (@Emekus)

Why it jumped so sharply:
Securitization of ₦22.7 trillion ways & means CBN overdrafts

Massive naira devaluation (₦460 → ₦1500 per $1)

Heavy domestic borrowing to fund deficits

Global interest rate spikes

Weak revenue generation

Debt servicing reality:
Nigeria now spends over 60% of government revenue just servicing debt.

This is the real danger — not just the size of the debt, but the cost of carrying it. Nigerians reject handouts demand investing in farming respectfully

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