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Nigeria spent 86 per cent of its revenue on servicing debt in 2021.
According to the International Monetary Fund’s Article IV, Africa’s most populous nation spent 85.5 per cent of its revenue on servicing the debt in 2021.
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...
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