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Debt Servicing Gulps N5tr in Five Years, Government Pays N446b to Creditors in 2016

Nigeria has in the past five years paid $25.220 billion (an estimated N5 trillion based on the old fixed exchange rate) in repayment of loans and service charges within the period of 2011 to 2015. The 2015 Annual Report of the Debt Management Office (DMO)...