Debt servicing gulps N8.56tr as FG records 225% deficit in 2023

The burgeoning debt servicing obligations have continued to worsen Nigeria's economic woes as the country spent a whopping N8.56 trillion, or 43.9 percent of the budget, to service its debt in 2023. The country also incurred a fiscal deficit of N13.50 trillion, or 225 percent, from spending N19.50 trillion, three times more than its total [...]The post Debt servicing gulps N8.56tr as FG records 225% deficit in 2023 appeared first on The Guardian Nigeria News - Nigeria and World News.

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