Interest Bill Hits ₦7.7trn, Exceeds FG Revenue, Says World Bank
Nigeria’s Federal Government spent more on interest payments in the first half of 2026 than it earned in revenue, according to the World Bank, even though federal revenue grew by more than 70 per cent over the period. The bank’s October 2026 Nigeria Development Update, titled “Beyond the Federal Purse: How Higher Revenues Reshaped…
