Nigeria foreign debt servicing
States Face 68% Surge in Foreign Debt Servicing Costs
Nigeria’s 36 states collectively spent ₦235.58 billion servicing external debt in the first half of 2025 — a staggering 68.4% increase compared to ₦139.92 billion recorded in the same period last year. Fresh analysis of National Bureau of Statistics (NBS) data shows the sharp rise was largely driven by the naira’s persistent weakness, which inflated […]
Nigeria’s Foreign Debt Servicing Hits $5.47 Billion
Nigeria has spent a staggering $5.47 billion on foreign debt servicing between January 2024 and February 2025, according to data from the Central Bank of Nigeria. Nigeria foreign debt servicing significant expenditure highlights the growing burden of debt obligations on the country’s external reserves and fiscal stability. The debt service payments fluctuated over the period, […]