How Nigeria can ease N15.8trn debt service pain

Nigeria needs targeted reforms and fiscal discipline to alleviate debt service pressures that are constraining the government’s resources, hindering the nation’s growth and worsening a poverty crisis in the nation of 200 million people. The federal government is faced with a daunting fiscal challenge as debt servicing takes a huge chunk of its proposed N49.7 trillion 2025 budget. With N15.8 trillion or 45 percent of its projected N34.82 trillion revenue earmarked for debt repayment, Nigeria will spend the single largest bulk of its revenu