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Debt Servicing Gulps N6.16trillion in 16 months

2 years ago
in Business
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Debt Servicing Gulps N6.16trillion in 16 months

Debt service gulped N6.16tn in 16 months.

This is according to the 2023-2025 Medium Term Expenditure Framework & Fiscal Strategy Paper.

It revealed that in 2021, the Federal Government spent N4.22trillion on debt service, and N1.94trillion between January and April 2022.

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