The World Bank has stated that Nigeria's major fiscal challenge is low revenue generation, not high debt. The Bank's Country Director for Nigeria, Mathew Verghis, said the country's debt profile remains moderate by international standards, stressing that the priority should be improving government revenue rather than limiting borrowing.

Verghis noted that stronger revenue mobilisation would enable the government to invest more in critical sectors such as infrastructure, healthcare, education, and agriculture while ensuring sustainable debt repayment. He added that strategic borrowing remains necessary to finance long-term development projects that drive economic growth and reduce poverty.