States Face 68% Surge in Foreign Debt Servicing Costs
Nigerian states spent ₦235.58 billion on external debt servicing in the first half of 2025—a sharp 68.4% increase from the ₦139.92 billion paid during the same period in 2024, according to National Bureau of Statistics data from FAAC disbursements. The spike highlights the growing strain of dollar-denominated loan repayments, worsened by the continued depreciation of…
