Worries as Nigeria spends N993.5bn on debt servicing in Q1

Worries as Nigeria spends N993.5bn on debt servicing in Q1

Worries as Nigeria spends N993.5bn on debt servicing in Q1     As Nigeria spent almost N1 trillion on debt servicing payments in the first quarter of this year, experts and financial analyst are worried for the imbalance between debt profile and revenue generation of the country. The Debt Management Office (DMO) had on Wednesday disclosed that the country’s total public debt increased to N33.11 trillion at the end of Q1 2021 from N32.92 trillion in December. It said the domestic debt rose to N20.64 trillion as of March 31,…

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