Debt servicing and personnel costs consumed more than the Federal Government’s entire revenue in the first seven months of 2025, as earnings fell sharply below target and capital spending suffered deep cuts, according to official budget documents.
An analysis of the 2026–2028 Medium-Term Expe
```
Members Only
Login or create an account to continue
This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.
New to BusinessDay? Register now and start reading.
```
Oluwatosin Ogunjuyigbe
Oluwatosin Ogunjuyigbe is a writer and journalist who covers business, finance, technology, and the changing forces shaping Nigeria’s economy. He focuses on turning complex ideas into clear, compelling stories.
