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Tag: Servicing Debt

News

Kogi State Spends N28.1 Billion on Debt Servicing in Six Months—More Than Twice Budget for Health and Water

A recent analysis of the 2025 half-year budget performance report for Kogi State has revealed that the state government spent a staggering N28.1 billion on debt servicing between January and June, far outpacing its investment in key public sectors like health and water. According to the data reviewed by SaharaReporters, only N12.3 billion was allocated […]

Economy News

Nigeria Spends ₦2.6tr on Domestic Debt in 90 Days

The Federal Government of Nigeria, under President Bola Tinubu, witnessed a sharp rise in domestic debt servicing costs during the first quarter of 2025, hitting ₦2.6 trillion—a 65% increase from the previous quarter. This is according to new data released by the Debt Management Office (DMO). Compared to the same period in 2024, the increase […]

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