According to the 2023-2025 Medium Term Expenditure Framework & Fiscal Strategy Paper, debt servicing consumed N6.16 trillion in 16 months. The Federal Government spent N4.22 trillion in 2021 and an additional N1.94 trillion from January to April 2022 on debt service. According to a breakdown, domestic debt service in 2021 cost N2.05 trillion while foreign … Continue reading Debt Servicing Consumes N6.16tn In 16 Months