Nigeria’s total debt service payments dropped significantly from $540 million in January 2025 to $276 million in February...
Nigeria continues to grapple with dwindling revenue amidst rising fiscal expenditure, with debt servicing gulping a huge chunk of government budget.
Meanwhile, total debt stock fell to $101.91 billion as of the end of September 2022 from $103.31 billion as of June 2022
The Budget Office has stated that contrary to media reports of Nigeria having a debt problem, Nigeria’s revenue to GDP ratio is one of the lowest in the world.
Peter Obi has warned that it has become imperative to restrict Federal borrowings to the statutory 5% of the previous year's revenue.
The Centre for the Promotion of Private Enterprises has stated that pressure from debt service is expected to...
