The Nigerian government spent a whopping N3.63 trillion on servicing its external and domestic debts in 2022.
This is according to data obtained from the Debt Management Office (DMO) by Ripples Nigeria on Thursday.
Data shows that external debt service, which cost Nigeria $2.40 billion, amounted to N1.07 trillion using the exchange rate of N448.08, which Nigeria used to pay off the debt.
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