Nigeria’s foreign debt servicing surged by 107.7% to N3.8 trillion between January and August 2024, far exceeding the N1.83 trillion initially projected in the 2024 budget. This increase was revealed in the 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF & FSP). The report shows that foreign debt servicing costs overshot projections by […]

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