Economy

ActionAid, civil society groups protest Nigeria’s rising debt

ActionAid Nigeria, students, market women and other civil society groups have protested in Abuja against Nigeria’s rising debt and continued borrowing by the Federal Government.

By OYEBODE OLUWAFEMI EMMANUEL

1 min read 2 views Updated Oct 11, 2026
ActionAid Nigeria, university students, market women and other civil society groups have staged a protest at the Federal Ministry of Finance in Abuja over Nigeria’s rising debt stock and continued government borrowing. The demonstrators urged the Federal Government to reconsider further borrowing and called on the World Bank and International Monetary Fund to stop extending additional loans to Nigeria.

The protesters said growing debt obligations were placing greater pressure on citizens and urged the government to explore alternatives to borrowing while prioritising measures that address economic hardship. Their demonstration comes amid wider public concern over the pace of domestic and external borrowing. ([vanguardngr.com](https://www.vanguardngr.com/2026/09/photos-stop-giving-loans-to-nigeria-actionaid-others-protest-nigerias-rising-debt-borrowing/))

Official Debt Management Office records show Nigeria’s total public debt stood at about N159.35 trillion as of March 31, 2026. The figure includes both domestic and external obligations of the Federal Government and the states.

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ActionAid Nigeria, students, market women and other civil society groups have protested in Abuja against Nigeria’s rising debt and continued borrowing by the Federal Government. ActionAid Nigeria, university students, market women and other civil society groups have staged a protest at the Federal Ministry of Finance in Abuja over Nigeria’s rising debt stock and continued government borrowing. The...

Key takeaways
  • ActionAid Nigeria, students, market women and other civil society groups have protested in Abuja against Nigeria’s rising debt and continued borrowing by the Federal Government.
  • ActionAid Nigeria, university students, market women and other civil society groups have staged a protest at the Federal Ministry of Finance in Abuja over Nigeria’s rising debt stock and continued government borrowing.
  • The demonstrators urged the Federal Government to reconsider further borrowing and called on the World Bank and International Monetary Fund to stop extending additional loans to Nigeria.The protesters said growing debt obligations were placing greater pressure on citizens and urged the government to explore alternatives to borrowing while prioritising measures that address economic hardship.
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ActionAid Nigeria, students, market women and other civil society groups have protested in Abuja against Nigeria’s rising debt and continued borrowing by the Federal Government. ActionAid Nigeria, university students, market women and other civil society groups have staged a protest at the Federal Ministry of Finance in Abuja over Nigeria’s rising debt stock and continued government borrowing. The...

Who published this story?

Glow 99.1 FM published this story with OYEBODE OLUWAFEMI EMMANUEL listed as author.

When was it published?

September 17, 2026

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