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Nigeria Spent N445bn On Debt Servicing In Q2
Data obtained from the Debt Management Office have shown that Nigeria has spent a total of N445.4 billion to service the debt in the second quarter of this year. From April to June 2021, Nigeria spent N322.7bn on domestic debt servicing, while $299m (N122.7bn) was spent on external debt servicing. The exchange rate of the…
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91% Of Revenue Spent On Debt Servicing
The Federal government spent N2.02 trillion on debt servicing in the first six months of this year. This represents 90.5 percent of the total revenue of N2.23 trillion generated by the federal government within the period. This was disclosed by the Technical Adviser to the Director General of the Budget Office, Alfred Okon while presenting…