NIGERIA’S NET FOREIGN LIABILITIES RISE TO $90.2BN AMID GROWING EXTERNAL OBLIGATIONS

Nigeria’s net foreign liabilities have increased to $90.2 billion, reflecting a rise in the country’s external financial obligations and renewed concerns about the pressure on foreign exchange resources.

The increase highlights the gap between Nigeria’s foreign assets and liabilities, with higher external debts, foreign investments, and other international financial commitments contributing to the growth in net liabilities.

Economic analysts said the development underscores the need for stronger foreign exchange earnings, improved export performance, and policies that attract sustainable foreign investment.

They noted that while foreign financing can support economic growth when properly managed, rising external obligations require careful debt management and investments that generate long-term economic returns.

Experts urged the government to focus on boosting productivity, expanding non-oil exports, and strengthening domestic revenue generation to reduce dependence on external funding.

The Federal Government has continued to emphasise efforts to improve economic stability, attract investment, and strengthen Nigeria’s position in global markets as it manages fiscal and external pressures.