Abuja, Nigeria – Credit extended to the Federal Government rose by 75.6% year-on-year to ₦40.38 trillion in May 2026, according to the latest data released by the Central Bank of Nigeria (CBN).
The figure represents an increase from ₦22.99 trillion recorded in May 2025, reflecting a sharp rise in government borrowing over a 12-month period.
The CBN data highlights a significant expansion in credit to the Federal Government amid ongoing efforts to finance public expenditure and implement economic reforms.
The latest figures come as Nigeria continues to navigate fiscal pressures, with borrowing remaining a key component of government financing.
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