Recent fiscal data paints a sobering picture. As of September 2024, Nigeria’s external debt had soared to $43 billion – the highest since the country secured debt relief in 2006.
The 2025 national budget allocated N14.3 trillion to debt servicing, a f
Imagine a man, now 65, who finds it difficult to feed his family, send them to school, and afford basic healthcare. In the language of fixed income, this is Nigeria’s fiscal reality. The increasing cost of debt servicing has become a major problem, consuming a huge share of national revenue.
Recent fiscal data paints a sobering picture. As of September 2024, Nigeria’s external debt had soared to $43 billion – the highest since the country secured debt relief in 2006.
The 2025 national budget allocated N14.3 trillion to debt servicing, a f
