business
Nigerian newspapers review: Businesses suffer as FG’s domestic borrowings surge 90% to N24.7trn
Summary by The Lagos Editorial Desk Henry Oduah , as published by Vanguard
· September 7, 2026
· 1 min read
Photo: Vanguard · view original
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Summary created by The Lagos Editorial Desk — automated, rule-governed Byline on source page Henry Oduah, as published by Vanguard Original story Read at the source Source published Sep 7, 2026 Indexed here Sep 7, 2026 AI assistance Automated summary drawn from the source’s own published text Prepublication human review No — editorial rules, flagged-item review, and published samples
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Key points 98 trillion in the same period the previous year. Businesses are experiencing difficulties due to a significant increase in domestic borrowings by the federal government.
Businesses are experiencing difficulties due to a significant increase in domestic borrowings by the federal government. The borrowings have surged 90.5 per cent to N24.7 trillion in eight months. This is compared to N12.98 trillion in the same period the previous year.
The federal government's increased borrowing is having an impact on businesses. Further details on the effects of this surge are available from the source.
The economic situation is also being discussed in relation to the current administration's reforms and upcoming elections, with various entities weighing in on the state of the economy and electoral process.
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As published by Vanguard . The Lagos selects stories from publishers’ feeds, summarises them, and links back to the publisher that reported them. We add no reporting of our own. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
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Category: business Published: September 7, 2026 Source: Vanguard Reading time: 1 min
Frequently asked about this story
What is this story about? Businesses are experiencing difficulties due to a significant increase in domestic borrowings by the federal government. The borrowings have surged 90.5 per cent to N24.7 trillion in eight months…
When was this published? This article was first published on September 7, 2026 by Vanguard and curated for The Lagos readers.
Who reported this story? This story was reported by Henry Oduah at Vanguard. To learn more about how The Lagos selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more business coverage from The Lagos, or browse our daily briefing and topic hubs .
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