FG dismisses claims of N80tn new debt, blames naira revaluation, accounting adjustments

From Adesuwa Tsan, Abuja

The Federal Government has dismissed claims that President Bola Tinubu administration had borrowed about N80 trillion in three years, describing such figures as exaggerated and the result of Naira revaluation and accounting adjustments rather than fresh loans.

Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, made the clarification while…