The data indicates an alarming trend in debt service payments, which have been escalating over the past few years. In January 2024 alone, Nigeria disbursed $560.52 million for debt servicing, nearly five times that of January 2023’s $112.35 million.
Although there was a slight moderation in February and March, with payments amounting to $283.22 million and $276.17 million, respectively, the financial burden remained significant.
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