Nigeria Off Global “High-Debt” List Due to Tinubu’s Reforms, Says Jimoh Ibrahim
By 𝔸bdulrazak Tomiwa
Senator Jimoh Ibrahim, representing Ondo South, has asserted that President Bola Tinubu’s disciplined fiscal coordination has kept Nigeria off the global list of most indebted countries.
His remarks followed a 2025 Global Debt Monitor report showing advanced economies like Japan and France carrying total debt burdens exceeding 300% of their GDP.
Reacting to the data, Ibrahim stated, “Those who expected reckless borrowing have been proven wrong. Nigeria is not on the list of the world’s most indebted countries. This reflects deliberate fiscal coordination and structured economic reforms.”
The Senator attributed this stability to “Bolaeconometrics,” specifically citing the removal of fuel subsidies and exchange rate unification as key policies that stabilized public finances.
Despite this positive ranking, Ibrahim cautioned that debt sustainability remains tied to revenue generation, urging a focus on non-oil income and export boosting.
He concluded that as reforms mature, Nigeria’s fiscal resilience will become more evident, proving that current borrowings remain within manageable and strategic thresholds.
