In its latest financial report, the Central Bank of Nigeria (CBN) has disclosed that the federal government expended approximately $2.2 billion on debt servicing during the first five months of 2024. This significant outlay, gulping approximately 96 percent of the nation’s revenue, underscores the escalating fiscal pressures facing the country. The CBN’s ‘International Payments Data’ … Continue reading Nigerian Government Spends $2.2bn on Debt Servicing in First Five Months of 2024