Nigeria’s debt interest soars 124% above revenue

Tinubu spends 11 times more on debt servicing than projects

The presidential candidate of the Nigeria Democratic Congress, NDC, Peter Obi, has criticised President Bola Tinubu’s economic policies, claiming the Federal Government spends about 11 times more on debt interest than on capital projects. Obi made the claim in a statement posted on X while reacting to a World Bank report on Nigeria’s economic performance. […] Tinubu spends 11 times more on debt servicing than projects

Nigeria’s debt interest soars 124% above revenue

The Federal Government spent N7.7tn on debt interest in H1 2026, 124.2% of its N6.2tn revenue, a World Bank report reveals, raising debt burden concerns.

Debt Interest Soars 124% Above Revenue Despite Improved Collections - Economi Confidential

Debt Interest Soars 124% Above Revenue Despite Improved Collections The Federal Government spent N7.7 trillion on interest payments in the first half of 2026, representing 124.2 per cent of its total revenue of N6.2 trillion during the period, according to the World Bank. The figures indicate that interest payments alone exceeded the government’s revenue by […]

Peter Obi faults Tinubu over N7.7 trillion debt interest payments in six months

Former Anambra State Governor Peter Obi has criticised President Bola Tinubu’s administration over N7.7 trillion in debt interest payments in the first half of 2026, arguing that improvements in economic indicators have not translated into better living conditions for Nigerians.

Buhari, Tinubu and Nigeria’s Debt Surge: What the numbers really

Buhari, Tinubu and Nigeria’s Debt Surge: What the numbers really reveal, by Abba Dukawa The question is no longer whether governments should borrow, but how much they borrow, what the money is used for, and whether the resulting investments generate sufficient economic growth and government revenue to service the debt.As Nigeria approaches another election cycle, […]

Nigeria spends N7.7tn on debt interest in six months - Lagos Television

Nigeria’s Federal Government spent N7.7tn on debt interest payments in the first half of 2026, exceeding its N6.2tn revenue by N1.5tn, according to the World Bank’s October Nigeria Development Update. The report shows that interest payments accounted for 124.2 per cent of federal revenue between January and June, highlighting the pressure of debt obligations on...