Tag
DEBT SERVICE
Nigeria’s domestic debt-service payments fell by about N1 trillion to N2.14 trillion in the second quarter of 2026, from N3.14 trillion in the first quarter.
Nigeria paid $870.73 million to service its external debt in the second quarter of 2026, with interest payments accounting for more than half of the total.
Nigeria spent over $2.01 billion on external debt servicing between January and April 2025, marking a 50% jump...
Tileriwa Adebayo, CEO of The CFG Advisory, has expressed concerns over the fiscal regime of President Bola Tinubu's administration, describing the increase in debt servicing from N8 trillion in 2024 to N16 trillion in 2025 as a ‘red flag’.
Global ratings agency, Moody’s has stated that Nigeria’s interest spending on debt might consume up to 36% of the federal government’s revenue in 2024.
A new report by the World Bank reveals that Nigeria and 121 other developing countries spent around $443.5 billion in servicing public external debt in 2022.
The Senate recently approved N8.4 trillion ($19 billion) in fresh loans for 2023
Recent data released by the Ministry of Finance, Budget and National Planning reveal that Nigeria’s debt service cost surpassed its revenue in the first four months of the year.
The Centre for the Promotion of Private Enterprises has stated that pressure from debt service is expected to...
The cost of domestic debt service of the Federal Government stood at N977.03 billion at end-June 2021, representing...
The Federal Government of Nigeria achieved a debt service to revenue ratio of 83% in 2020.
This suggests almost all the revenue generated was used to meet debt service obligations.