Sanusi: Nigeria On Verge Of Bankruptcy Due To Fuel Subsidy, Debt Servicing   The Emir of Kano, Mallam Muhammad Sanusi II, has warned that Nigeria is on the verge of bankruptcy as fuel and electricity subsidies, as well as debt servicing, continue to eat into government...

N359.32bn Deducted From States’ Revenues To Service Debts   The 36 states of the federation had their statutory revenues deducted by N359.32bn in 2017 for debt servicing, the Fiscal Responsibility Commission had said. The FRC stated this in its 2018 Annual Report and Accounts obtained by our...

Debt Servicing Consumes Over 50% Of Nigeria’s Revenue, Says AfDB Debt servicing gulps more than 50 per cent of Nigeria’s revenue, the African Development Bank has said. The bank, which said this in its West Africa Economic Outlook 2019, said the servicing of the country’s external...

Debt Servicing: FG Proposes To Spend N2.26trn This Year The Federal Government has proposed to spend a total of N2.26trn on debt servicing in the 2019 fiscal year. This was contained in the detailed budget proposal which was obtained by our correspondent in Abuja. The proposal for...

Nigeria spends 34% of revenue on debt servicing – DMO Nigeria spends 34 per cent of its revenues on debt servicing, the Debt Management Office has said. In a clarification on the country’s debt status entitled: ‘Nigeria’s Public Debt – Some Recurring Issues’, the DMO contradicted...