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Home»News»Nigeria now spends $112m on debt Servicing Monthly
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Nigeria now spends $112m on debt Servicing Monthly

meridianspyBy meridianspyMay 12, 2023No Comments1 Min Read
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Dr Zainab Ahmed
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Figures from the Central Bank of Nigeria (CBN), indicate that the federal government spent $112.35m servicing external debt in January 2023.

Data from the apex bank’s Weekly International Payments showed that the amount spent in January was 146.17 per cent higher than the $45.64m spent in December 2022.

This occurred as the Federal Government struggled to boost its revenue base despite its revenue generation efforts.

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