BC-U}*OO~6!M_L#M&BQT*W5A}|P#U1
SYSTEM PROCESSING...
BC-U}*OO~6!M_L#M&BQT*W5A}|P#U1
SYSTEM PROCESSING...
Posted: 2025-05-12 07:24:30 UTC
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
Status
Last Updated
2025-05-12 07:24:42 UTC
Verified By
Rollup News
Nigeria's public debt surged by 48.6% to N144.66 trillion in 2024, with the Federal Government responsible for 95% of the total. Debt servicing consumed 150% of the FG's revenue, a significant increase from 65% in the previous year. Domestic debt service costs rose by 12% to N5.9 trillion, while external debt service costs increased by 33% to $4.7 billion.
Increase in Nigeria's public debt
Federal Government's major contribution to the debt
High percentage of revenue spent on debt service
Rise in domestic and external debt service costs
High public debt
FG spending a large portion of revenue on debt service
Increasing domestic debt service costs
Increasing external debt service costs