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A total of $1.91 billion was spent by the Nigerian government for international debt servicing and payments between January and October 2021.
Ode Uduu ,
January 14th, 2022
32.36% ($617.53 million )of the total was paid in January. The second-largest sum, $230.69 million for debt servicing, was spent in August.
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The month of June recorded the least amount with $49.04 million, which is 2.57% of the total.
Debt Servicing and Payments in 2021 ($Mn)
The total external debt profile of Nigeria as of September 2021 stood at $37.96 billion.
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Today, a new generation of Nigerians live through the country’s prolonged battle with two of its biggest socio-economic deficiencies – a protracted housing deficit and recurrent budget deficits.
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