Nigeria Spends $9.8bn Servicing Foreign Loans In 5 years – DMO

Nigeria has expended a cumulative $9.8 billion on servicing its foreign obligations over five years, new data from the Debt Management Office (DMO) has shown. The data also showed that the total stock of external debt surged by more than 35 per cent with Nigeria’s external debt climbing from $38.391 billion in 2021 to $51.856 […]

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