Debt service gulps N30.8 trillion in five years

Primanews | 07-07-2025 05:07pm |

Nigeria spent N30.81 trillion on debt servicing between 2020 and 2024, according to data obtained from the Debt Management Office (DMO). The data also showed that during this period, the country generated a total of N51.05 trillion meaning that 60.35 per cent of the revenue was spent on debt servicing, leaving a paltry 39.65 per [...]

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