Nigeria’s external debt service bill hits $2.01 billion in four months, gulps 77% of foreign payments
Nigeria spent over $2.01 billion on external debt servicing between January and April 2025, marking a 50% jump compared to ...
Tag: Debt service
Debt service increase from N8 trillion in 2024 to N16 trillion in 2025 is fiscal ‘red flag’ – Expert warns Tinubu
Tileriwa Adebayo, CEO of The CFG Advisory, has expressed concerns over the fiscal regime of President Bola Tinubu's administration, describing ...
FG’s interest spending on debt to gulp 36% of revenue in 2024 – Moody’s
Global ratings agency, Moody’s has stated that Nigeria’s interest spending on debt might consume up to 36% of the federal government’s ...
Nigeria and other developing countries spent $443.5 billion on debt service in 2022- Report
A new report by the World Bank reveals that Nigeria and 121 other developing countries spent around $443.5 billion in ...
Nigeria must fix leaks and stop begging for alms at the bond market
The Senate recently approved N8.4 trillion ($19 billion) in fresh loans for 2023
Nigeria spends 118% of revenue on debt service
Recent data released by the Ministry of Finance, Budget and National Planning reveal that Nigeria’s debt service cost surpassed its ...
Nigeria’s debt service pressure expected to persist in 2022 and beyond – Report
The Centre for the Promotion of Private Enterprises has stated that pressure from debt service is expected to persist in ...
Nigeria spends N977 billion servicing debt in 6 months
The cost of domestic debt service of the Federal Government stood at N977.03 billion at end-June 2021, representing an increase ...
Nigerian government spends equivalent of 83% of revenue to service debt in 2020
The Federal Government of Nigeria achieved a debt service to revenue ratio of 83% in 2020.
Nigeria records debt service to revenue ratio of 99% in first quarter of 2020.
This suggests almost all the revenue generated was used to meet debt service obligations.
