Nigeria’s debt servicing gulps thrice its infrastructure spend

Fuel subsidy: Finance minister Ahmed links economic hardship as reason for extension

Zainab Ahmed, minister of finance, budget and national planning

Nigeria’s federal government spent N5.24 trillion on debt service between January and November 2022, compared with a capital expenditure of N1.88 trillion in the period. The total spending for the 11-month period was N12.87 trillion. Zainab Ahmed, minister of finance, budget and nationa

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