Chartered Accountant and Financial Advisor, Dr. Oluwashola Ganiyu, has called for urgent measures to address revenue leakages and boost infrastructure investment, saying these are critical to tackling Nigeria’s economic challenges and driving sustainable growth. Ganiyu made the call while speaking on The Conversation, an in-house programme on Lagos Television (LTV). According to him, inflation is…
Nigeria spent ₦3.14 trillion servicing its domestic debt in the first quarter of 2026, according to the latest report released by the Debt Management Office (DMO). The report showed that ₦2.97 trillion of the total was used to pay interest on government debt, while ₦169.68 billion went toward principal repayments. Debt servicing costs rose steadily throughout the quarter. The Federal Government…
The International Monetary Fund (IMF) has projected that Nigeria will spend more than half of its government revenue on debt servicing in 2026, highlighting the growing pressure of interest payments on public finances. In its latest country assessment, the IMF estimates that interest payments will consume 53.7 percent of federal government revenue in 2026, up slightly from 53.2…
