Debt Servicing Gulps 72% Of Revenue, Raises Sustainability Concerns – Analysts

Despite gradual improvements in government revenue mobilisation, Nigeria’s rising debt servicing obligations are eroding fiscal flexibility and threatening the country’s medium-term economic sustainability, analysts have warned.
The analysts at Cowry Asset Management Company, in their review of the federal government’s amended 2025 budget performance for the first nine months of the year, noted that debt servicing had already consumed about 72 per cent of federally generated revenue, raising fresh concerns over the sustainability of the country’s fiscal position.
According to the report, although the federal government projected aggregate revenue of N49.8 trillion for the 2025 fiscal ...