“This implies that about N83 out of every N100 the Federal Government earned was used to settle interest payments for outstanding domestic and foreign debts within the reference period. In 2021, the FG plans to spend N3.32tn to service its outstanding debt. This is slightly higher than the N2.95tn budgeted in 2020.”
The Securities and Exchange Commission had in March described the increasing debt service as a threat to the country.
The most useless country in the world is Nigeria
Buhari has borrowed the next 5 generations into servitude, sadly he won't be around for the consequences.
Greece debt crisis started like this before it became a disaster! We must be very productive now.
How country will progress when senator is earning 29million naira
Omo !!! This country don pemeeeeee
Almost N1 trillion servicing debt in three months!!!
and tomorrow somebody will want a better Nigeria. the fact is that they've borrowed our future and the generation after the future
That is ₦3.974 trillion annually 🥺🥺 And nothing to show for the borrowings Y can't the brunt be borne by the borrowers not the citizens especially when the loans were used for selfish needs
Gosh!!!!!!
Is Nigeria a country?
😳🤦🏾♀️
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