FG plans to spend more on debt servicing, capital expenditures
The Federal Government has outlined plans to allocate a significant portion of its budget to debt servicing over the next three years, surpassing investments in capital expenditure. This was revealed in the recently approved 2025–2027 Medium-Term Expenditure Framework and Fiscal Strategy Paper. According to the document, debt servicing costs are projected to reach N50.39 trillion between 2025 and 2027, exceeding the N48.93 trillion earmarked for capital expenditures. The report highlights […]
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