FG Spends N1trn In January, February To Service Debt Says DMO

February 24, 2023

The Federal Government has spent N1trn or $2.31bn to service Nigeria’s N44.06trn ($101.9trn) debt in the first two months of 2023.

The development is coming amid Nigeria’s revenue challenge leading to the downgrading of its credit ratings by Moody’s Investors.