Nigeria’s fiscal struggles deepened in January 2025 as the Federal Government’s debt servicing costs surpassed its retained revenue by a wide margin, according to the Central Bank of Nigeria’s (CBN) ...
The Federal Government has allotted ₦24.85 trillion for debt payments and personnel expenses, including pensions and salaries, in the 2025 Appropriations Bill. The report also revealed that government spending on ...
According to the most recent data from the Central Bank of Nigeria (CBN), the Federal Government has spent a total of $15.55 billion on debt servicing between 2019 and 2024. ...
The Federal Government has deducted over N415bn from state government allocations to service their external loans, according to findings by The PUNCH. This was according to data from the Federation Account ...
Nigeria and other developing countries have spent about $441bn on debt-serving in the past 40 years, according to a new World Bank report. The World Bank report also disclosed that ...
The Federal Government’s spending on personnel costs and debt servicing exceeded total revenues in 2022, the World Bank has stated. It disclosed this in the June 2023 edition of the ...
The Federal Government spent $112.35m servicing external debt in January 2023, according to findings by The PUNCH. Data from the Central Bank of Nigeria’s Weekly International Payments showed that the ...
Nigeria’s debt servicing bill went up by 14.68 per cent to N3.36trn in 2022, data from the Debt Management Office has shown. According to DMO, N2.93tn was spent on external and ...
The World Bank has projected that debt servicing will gulp 123.4 per cent of the Federal Government’s revenue in 2023. This was according to a presentation made by the new ...
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