IMF: Nigeria to spend half of revenue on debt servicing in 2026

By Uche Usim
The International Monetary Fund (IMF) has assessed Nigeria’s economic situation and submitted that the country would channel more than half of its revenue into servicing debt in 2026.
The development reveals the persistent pressure of debt obligations on the country’s public finances despite signs of improving macroeconomic stability.
The IMF projected that the federal government’s interest payments will account for 53.7 per cent of total revenue in 2026, slightly higher than the 53.2 per cent estimated for 2025 and significantly above the 40.8 per cent recorded in 2024.
The Fund, however, expects a marginal improvement in 2027, when the interest-to-revenue ratio i...