Nigerian Government Records N2.66tn Fiscal Deficit in Q2 2025, Debt Service Hits N4.44tn
The Nigerian government faced a fiscal deficit of N2.66 trillion in Q2 2025, leading to domestic borrowing to cover expenses. Debt service costs amounted to N4.44 trillion during the period, impacting the country's financial stability.
Despite challenges, the economy saw a 4.23% real GDP growth driven by the non-oil sector. Revenue fell short due to lower oil receipts, with non-oil revenue exceeding projections.
The government aims to strengthen domestic revenue mobilization for fiscal sustainability. Director-General of BOF, Dr. Tanimu Yakubu, highlighted the need to improve revenue outcomes.
Plus234Feed summary based on reporting from This Day. Read the original report below.
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