Servicing - ProbitasNews

This development comes as the government continues to battle with high costs in relation to debt servicing to revenue ratio.   A review of quarterly statistical bulletin released by the Central Bank of Nigeria has shown that the federal government spent N700 of every N1000 it made on debt servicing in the first quarter of the 2024 fiscal year (first three months of the year). In Q1 2024, the Nigerian government had a retained revenue...