The Federal Government has allocated N6.6 trillion to debt service in the 2023 budget signed by President Muhammadu Buhari on Tuesday at the Presidential Villa in Abuja.
Ripples Nigeria had reported that the 2023 appropriation bill was increased by N1.32 trillion to N21.83 trillion, from the N20.51 trillion proposed by President Buhari.
Details of the signed budget revealed that debt servicing was also increased to N6.6 trillion from N6.31 trillion, as the World Bank complained of its impact on Nigeria’s revenue.
