Nigeria’s debt interest soars 124% above revenue

The Punch | 12-10-2026 12:32am |

A new World Bank report reveals that Nigeria's Federal Government spent N7.7tn on debt interest in the first half of 2026. This amount exceeded its N6.2tn revenue by 124.2%. The report highlights the growing burden of debt servicing on the government's finances.

Stay Updated with the Latest News!

Don't miss out on breaking stories and in-depth articles.