FG spent $15bn on debt servicing in five years — CBN report

The Federal Government has spent a total of $15.55bn on debt servicing between 2019 and 2024, according to the latest data from the Central Bank of Nigeria. In 2019, Nigeria paid $588.33m in debt service between January and May, while the payment for 2020 was $5.40bn. The debt service payments continued to rise in subsequent