Nigeria Spends More On Debt Interest Than Revenue
Nigeria's Federal Government spent ₦7.7 trillion on debt interest in the first half of 2026. This is more than the ₦6.2 trillion it generated in revenue.
The country's debt burden is raising concerns. The World Bank has given Nigeria another $1.25 billion loan.
The Federal Government says revenue is growing faster than interest payments.
This story is based on reporting by Punch, written in our own words and checked against that report before publishing. Spotted an error? Report it.
Get the day's top stories on WhatsApp
