Nigeria’s debt servicing rises 68% to N13tn
In 2024, Nigeria spent a total of N13.12 trillion on debt servicing, marking a 68% increase from the N7.8 trillion spent in 2023, according to data from the Debt Management Office. This expenditure surpassed the ₦12.3 trillion initially allocated in the budget for debt servicing, highlighting the growing strain of debt obligations on the country’s…
