National Wire About Nigerians, Nigerian Business and Other Stories
Domestic Debt Payment Gulps N3.49tn In 32 Months
The Federal Government spent a total of N3.49tn on domestic debt servicing and payment between January 2015 and September 2017, investigation has shown. In the same period, the country paid a total of $1.07bn (about N326.69bn) to service foreign loans obtained by both the federal and state governments. This shows the wide gap between the size of domestic borrowing and …
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