The federal government’s domestic borrowing rose sharply by 75.6 per cent over the past year, climbing to N40.38 trillion in May 2026 from N22.99 trillion recorded in the same period last year. This is according to the latest monetary and credit statistics released by the Central Bank of Nigeria (CBN).The figures show that the government borrowed an additional N17.39 trillion within one year, which highlighted its growing reliance on the domestic debt market to finance public spending amid a tight monetary environment..........................READ MORE