FG Dismisses Claims of ₦80tn New Borrowing, Blames Debt Surge on Naira Revaluation, Accounting Adjustments

…Senators Raise Concerns Over Capital Budget Implementation

The Federal Government has dismissed claims that the Tinubu administration has borrowed nearly ₦80 trillion in the past three years, describing such figures as exaggerated and the result of accounting adjustments and misreporting.

Minister of Finance and Coordinating Minister of the Economy, Wale Edun, made the clarification on…