Debt Servicing Gulped N310bn More Than Revenue Generated by Nigeria in First Four Months of 2022

Nigeria’s public debt, which has increased significantly over the past seven years, reaching a mammoth height of N61 trillion, is increasingly eclipsing the nation’s revenue generation. According to the 2022 fiscal performance report released on Thursday, the cost of servicing debt surpassed the federal government’s retained revenue by N310 billion in the first four months … Continue reading Debt Servicing Gulped N310bn More Than Revenue Generated by Nigeria in First Four Months of 2022