Q1 2023 debt servicing rose to N1.24tn –Report

Nigeria’s debt servicing cost has increased by 55.71 per cent to N1.24tn in three months, findings by The PUNCH have shown. According to data obtained from the Debt Management Office, between October and December 2022, Nigeria spent N406.77bn on domestic debt servicing, while it spent $312.27m (N143.74bn) on external debt servicing, giving a total of