Nigerian Government Debt Servicing Hits 72% of Revenue in Seven Months

The Nigerian Federal Government's debt servicing has reached 72% of its revenue in the first seven months of 2025, with N9.81 trillion spent on servicing domestic and external debts out of a total revenue of N13.67 trillion. This high debt servicing ratio, coupled with a significant decline in oil earnings, has led to a revenue shortfall of N7.62 trillion.

Despite some gains in non-oil tax revenue, the government faces financial pressure due to the heavy burden of debt servicing.