This figure is about 297 percent higher than it spent on debt servicing in April and 286.49 percent higher than the $221.05 million the country spent in May 2023.
Browsing: Debt servicing
Can we continue to service external debts with 90% of our revenue? It is a path to destruction. It is not sustainable. We must make the very difficult changes that are necessary for our country to get up from slumber and be respected among the great nations of the world
The Gombe state government has paid about N33 billion from the N100 billion debt inherited from the administration of former governor Ibrahim Dankwambo.
According to the DMO report, between January and March, 2023, while Nigeria spent N874.13 billion servicing domestic debt, the country also spent $801.36 million (N368.87 billion) servicing external debt, bringing the total amount spent on debt serving in the period to N1.24 trillion.