See how much Nigeria spent on debt servicing in February 2023 under Buhari and the total debts inherited by Tinubu

  • In February 2023, the Nigerian government under former President Muhammadu Buhari spent a substantial part of its revenue on debt servicing
  • The Nigerian government spent more than 85% of its revenue servicing debt in the month under review
  • The Central Bank of Nigeria said that the federal government had retained revenue of N478.57 billion in February

The Nigerian government spent over 85% of its revenue servicing debt in February 2023.

The Central Bank of Nigeria said in its monthly economic report for February that the federal government had a retained revenue of N478.57 billion in February.