Capital expenditure suffers as FG services debt with N7.4tn

The Federal Government’s expenditure report for the first eight months of 2024 has laid bare the heavy toll debt servicing is taking on Nigeria’s finances. Between January and August, a total of N7.41tn was spent on servicing debts, exceeding the pro-rata budget of N5.51tn by 34.4 percent. It was also 89.6 per cent of the