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EconomyLeadership·29 May 2026

Despite Over-borrowing By N1.54trn, Federal Govt Implements Only 17.66% Of Capital Projects

Reported by Leadership on 29 May 2026. Read the summary below, then continue to the full story.

MI
Mark Itsibor
Leadership
Summary

The federal government borrowed N1.54 trillion more than it had projected for the first nine months of 2025, yet left 82 per cent of its capital budget unspent — a fiscal paradox that analysts said raises serious questions about how Nigerias growing debt stock is being deployed. Official data from the 2025 third-quarter budget implementation []

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Originally reported by Leadership
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