Former Vice President Atiku Abubakar has criticised President Bola Tinubu's administration over N24.7 trillion in domestic borrowing, arguing that the debt is choking Nigerian businesses. According to Legit.ng, Atiku questioned the rationale for the borrowing at a time of higher oil prices and rising government revenues, suggesting the government's fiscal approach is placing undue pressure on the private sector and the wider economy.

The Central Bank of Nigeria (CBN) has announced that the Federal Government (FG) plans to raise N5.8 trillion through Treasury Bills in the third quarter of 2026, marking a 241 percent increase compared to N1.76 trillion sold in the same period in 2025. This increase is part of the government's borrowing strategy for the 2026 budget, according to Vanguard Business.

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.

Atiku Abubakar, presidential candidate of the African Democratic Congress (ADC), has accused the administration of President Bola Tinubu of reckless borrowing despite a windfall in oil revenue. According to Vanguard, Atiku said the Federal Government has continued to accumulate domestic debt even as crude oil prices have risen well above the benchmark used in budget planning. He likened the government's borrowing pattern to that of a drunken sailor, criticising its fiscal management.

The Federal Government of Nigeria plans to raise N1 trillion through its September 2026 bond auction, according to Nairametrics. The Debt Management Office has set a minimum subscription threshold of N50.001 million for investors wishing to participate in the offering. The auction is part of the government's ongoing domestic borrowing programme to finance its fiscal obligations.

Taiwo Oyedele, chairman of Nigeria's Presidential Committee on Fiscal Policy and Tax Reforms, has rejected claims that President Bola Tinubu's administration borrowed between ₦75 trillion and ₦80 trillion, describing the circulating figures as misleading. According to African Examiner, Oyedele made the remarks during an economic review session organised by the Senate Committee on Finance, where he explained the factors behind the reported increase in the country's debt profile.