Nigeria’s Debt Servicing Expense Doubles to N7.8tn in 2023 – Report Nigeria spent a sum of N7.8 trillion to service its debt obligations in 2023, a 121% increase compared to N3.52 trillion incurred in the previous year. This is according to analysis of data released by...

Nigeria’s Debt Servicing Expense Doubles to N7.8tn in 2023 – Report Nigeria spent a sum of N7.8 trillion to service its debt obligations in 2023, a 121% increase compared to N3.52 trillion incurred in the previous year. This is according to analysis of data released by...

Amount Spent on Debt Servicing Injuring Economy – CISLAC Civil Society Legislative Advocacy Centre (CISLAC) and Tax Justice and Governance Platform have decried the amount spent on debt servicing in the country, citing it as responsible for current economic challenges. Addressing journalists in Abuja, Executive Director...

Volatile Exchange Rate May Affect Debt Servicing – Report A new report from PricewatershouseCoopers (PwC) has revealed that Nigeria may face challenges with its debt servicing in 2024 over volatility in the forex market. This was contained in the PwC Nigeria Economic Outlook for 2024 which...

FG Plans N26trn Borrowing, Debt Servicing to Gulp N29trn   Nigeria’s total public debt may hit N118.37tn in the next three years. The figure was based on analysing Nigeria’s current debt profile and the debt projections in the Medium Term Expenditure Framework and Fiscal Strategy Paper 2024-2026. According...

Nigeria Spends Over 99% Revenue On Debt Servicing   Nigeria’s grave fiscal position for the 2022 financial year became clearer, as latest data showed that of N4.26 trillion total revenue available for financing the 2022 budget in the first three quarters of last year, a colossal...