FG spends N8.94 trillion on debt servicing in nine months – CBN
The Federal Government spent N8.94 trillion on debt servicing in the first nine months of 2024, accounting for 47% of ...
Tag: Debt Servicing
FG plans to spend more on debt servicing than capital expenditures in three years
The Federal Government plans to allocate a significant portion of its budget to debt servicing between 2025 and 2027, outpacing ...
Debt servicing costs 63.56% of Nigeria’s $5.63 billion foreign payments in 2024
Debt servicing has emerged as a significant component of Nigeria’s foreign payment obligations in 2024, accounting for a staggering 63.56% ...
Debt servicing costs 64% of Nigeria’s $4.36 billion foreign payments in 2024
Nigeria has spent $2.78 billion on servicing foreign debt in the first seven months of 2024, according to the international ...
World Bank says Africa’s public debt to drop in 2024
The World Bank Group has predicted a positive trend for African countries, noting that their public debt will drop in ...
Nigeria spent 111.8% of revenue on debt servicing before Tinubu emerged president – Shettima
The Vice President of Nigeria, Kashim Shettima, has said that President Bola Tinubu had to make the difficult decision to ...
Nigeria spends 96% of its revenue on debt servicing in 2021, worst on record
FG incurred a sum of N4.22 trillion on debt servicing in 2021, increasing by 29.3% compared to N3.27 trillion spent ...
CBN says heavy debt servicing is taking a toll on fiscal resources
The Central Bank of Nigeria (CBN) has stated that heavy debt servicing is taking a toll on lean fiscal resources. ...
FG spent 74% of revenue on debt servicing in the first 8months of 2021 – Minister
The Federal Government has revealed that it spent the sum of N2.89 trillion on debt servicing between January and August ...
Debt Management Office opens N150 billion Sukuk bond today
Sukuk proceeds will be used solely for the construction and rehabilitation of key roads across the six geopolitical zones of ...
