...Debt service consumed 67 percent of federal revenue
...as government earnings fell N12 trillion short of target
There is a number buried in Nigeria's budget implementation reports that tells the story of the country's public finances more clearly than the debt stock itself. It is 67.2 percent.
That was the share of Federal Government revenue consumed by debt service between January and September 2025. In practical terms, for every N100 earned by the government, about N67 went to creditors.
The figure highlights
