New data from the Central Bank of Nigeria (CBN) indicates a significant increase of N17.4 trillion in federal government borrowing, which raises concerns about the growing public sector debt and the potential impact on private sector credit availability.

According to Legit.ng, Togo, Benin Republic, and Niger collectively owe Nigeria N17.45 billion in electricity debt. This situation exacerbates the financial challenges faced by these countries, while data indicates that domestic customers in Nigeria tend to pay their electricity bills more reliably.

The federal government has announced the clearance of N39.6 billion in pension arrears, settling liabilities for over 24,000 retirees. These payments address longstanding pension obligations owed to former employees of defunct public enterprises and financial institutions under the Defined Benefit Scheme, according to the Minister.

Nigeria's Federal Government is set to spend N358 billion on electricity subsidies in the first quarter of 2026, even as the country continues to experience persistent blackouts. This expenditure occurs while electricity tariffs remain frozen, according to Punch.

The International Monetary Fund (IMF) has reported that the Federal Government of Nigeria did not include public expenditure amounting to approximately N8.8 trillion, or 2% of the country's Gross Domestic Product (GDP), in its recent national budgets. This omission has led to a discrepancy between the reported fiscal deficit and the actual financing requirements of the country, according to the IMF's Resident Representative.

The Federal Government has launched a 505kW solar mini-grid in Epe, Lagos, with plans for an additional 5MW expansion aimed at enhancing electricity access and supporting economic growth.