Lauren Parkerway

Debt servicing gulps N6.16tn in 16 months

Debt service gulped N6.16tn in 16 months, according to the 2023-2025 Medium Term Expenditure Framework & Fiscal Strategy Paper. In 2021, the Federal Government spent N4.22tn on debt service, and further N1.94tn between January and April 2022. A breakdown shows that domestic debt service cost N2.05tn, while foreign debt service gulped N946.29bn in 2021. There

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