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.
Tag: Debt service
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.
Atiku kicks as Buhari spends $3.7 billion in foreign debt service since 2015
The Buhari led government has spent about $3.7 billion in foreign debt service since 2015, one of the highest from ...
Nigeria paid N293 billion to service external debt in half year 2019
Nigeria's external debt serving has hit a new height in half-year 2019 as the latest figure obtained from the ...
Debt servicing gulps N7.04 trillion under President Buhari’s administration
Nigeria's rising debt profile is fast becoming a worrisome trend. Successive governments have, over the years, spent a large chunk ...
Next Level: Will Buhari go from “Baba Go Slow” to “Baba Gbese”?
As Nigerians brace up for what is widely termed "next level" in line with the ruling party's slogan, the focus ...
The crowding out effects of rising States’ debts: Why Nigerians should worry
The impact of government's debt size on a country's growth has been widely debated and this has generated rows among ...
Official: Debt service was 44% of FG revenue for May 2017
In the recently published May 2017 Central Bank Monthly report, Nigeria earned a total revenue of about N185.6 billion the ...