Nigeria’s debt servicing rises 68% to N13tn

• States pay off N1.98 tn local debts amid rising borrowing costs • Govt borrowing less than before – Shettima Nigeria spent a total of N13.12tn on debt servicing in 2024, representing a 68 per cent increase from the N7.8tn recorded in the previous year, according to an analysis of fresh data from the Debt

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