Nigeria’s Foreign Debt Servicing Jumps 107.7% To N3.8 Trillion in Eight Months
Between January and August of 2024, the cost of servicing Nigeria’s foreign debt increased by 107.7% to N3.8 trillion, far above the estimates made in the budget. This can be found in the Budget Office’s 2025–2027 Medium Term Expenditure Framework and Fiscal Strategy (MTEF & FSP). According to the report, real spending increased to N3.8…

