- World Bank has provided a detailed analysis of Nigeria’s economy from debt to poverty and currency challenges
- The major concern is how the federal government spends N96 out of every revenue from tax and oil to repay debt
- This is a cause for concern as it limits the country’s ability to invest in critical sectors such as health, education, and infrastructure
World Bank has revealed that Nigeria spends 96.3 percent of government revenue on servicing debt in 2022.
This means that for every N96 out of every N100 of its revenue to service its debt.
