FG spends N5.28trn on domestic debt servicing in 6 months –DMO

•Interest payments, rentals gulp N4.95trn
By Adewale Sanyaolu and Adanna Nnamani, Abuja
The Federal Government spent N5.28 trillion servicing domestic debt obligations in the first half of 2026, with interest and rental payments accounting for N4.95 trillion, underscoring the growing pressure of debt servicing on public finances.
Data released by the Debt Management Office (DMO) on Thursday showed that the government also repaid N333.96 billion in principal on promissory notes between January and June.
The figures highlight the substantial cost of domestic borrowing at a time the government faces competing demands for infrastructure development, public services and other expe...