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Nigeria spends N16 trillion servicing debt in 2025

Nigeria spends N16 trillion servicing debt in 2025

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Nigeria’s total debt service rose to about N16 trillion in 2025, driven by higher domestic interest payments and sustained external obligations. This is according to an analysis of data from the Debt Management Office (DMO). The figure represents an increase of N2.98 trillion or 22.9% from approximately N13.02 trillion recorded in 2024, highlighting growing fiscal […]

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