FG’s International Debt Servicing Gulps $3.5bn In Nine Months
Information says Federal Government spent $3.58 billion servicing the country’s foreign debt in the first nine months of 2024. Data sourced from the Central Bank of Nigeria (CBN) report on international payment statistics showed that the amount represents a 39.77 per cent increase from the $2.56 billion spent during the same period in 2023. According to the report, while the highest monthly debt servicing payment in 2024 occurred in May, […]
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