Nigeria’s Debt Service Drops Amid Non-Oil Revenue Boom The Nigerian government has recorded significant strides in its fiscal management, with a dramatic decline in debt service and a surge in non-oil revenue. The minister of finance, Wale Edun, disclosed these positive developments during an assessment...

Report: Nigeria, Others Spend $441bn on Debt Servicing – World Bank Nigeria and other developing countries have spent about $441bn on debt-serving in the past 40 years, according to a new World Bank report. The World Bank report also disclosed that Nigeria received $2.9b and topped...

Reps Approve N8.4tn Borrowing, N6.3tn Debt Service - Budget President Muhammadu Buhari, will on Friday (today) lay the 2023 Appropriation Bill before a joint session of the National Assembly in Abuja. Ahead of the Federal Government budget presentation, the House of Representatives, on Thursday, passed the...

World Bank Projects 102% Revenue, Debt Service For Nigeria     The World Bank has said that public debt in Nigeria is concerning due to the rising debt service-to-revenue ratio. According to the bank, the debt service to revenue ratio could stand at 102.3 per cent by the...

Why Debt Service To Revenue Ratio Is High – Fed Govt   The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has blamed Nigeria’s high debt service to revenue ratio on the large expenditure base of the country. Ahmed, in an interview with Bloomberg on...

FG Meets NASS, Raises Debt Service By N225bn   The Minister of Finance, Budget and National Planning, Zainab Ahmed, on Thursday presented a revised 2020 Appropriation Act to the National Assembly and explained why the downward review of the national budget. At the meeting were presiding and...