Trillion

The Federal Government of Nigeria defended its 124% debt interest ratio, claiming critics misinterpret the data. The Finance Ministry stated that revenue increased by 72% year-on-year, while interest payments rose by 38%, indicating improvements in fiscal management.

Nigeria's Federal Government disputes the World Bank's debt figures, claiming misinterpretation. The absence of recent budget reports complicates verification of financial data, revealing a significant interest payment burden that exceeds revenue, raising concerns about fiscal su

The Federal Government of Nigeria has disputed the World Bank's claim regarding ₦7.7 trillion in interest payments, asserting that rising revenues and economic reforms indicate financial improvement. The government argues that the World Bank's assessment is misleading and based o