Nigeria’s Debt Interest Payments Exceed Revenue by 24.2% — World Bank
The Federal Government spent N7.7tn on debt interest payments in the first half of 2026, exceeding its total revenue of N6.2tn by N1.5tn, according to the World Bank. The figures were contained in the bank’s October 2026 Nigeria Development Update, which showed that interest payments rose by 37.5 per cent from N5.6tn recorded in the corresponding period of 2025, largely due to high domestic borrowing costs. Despite the increase in […]
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