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The federal government says N2.02 trillion was spent on debt servicing within the first six months of 2021 (January-June). The figure represents 90.6 percent of the retained revenue of N2.23 trillion for the period. This was stated by the minister of finance, budget and planning, Zainab Ahmed, on Monday, in […]
A total of N3.10 trillion was spent by the Federal Government on debt servicing for the 11 months (January- November) 2020. This is out of its N3.48 trillion retained revenue for the same period. It puts Nigeria’s debt-to-revenue ratio — A key measure of debt sustainability, at 89 per cent […]
