FG disputes World Bank’s N7.7tn interest payments
The Federal Government of Nigeria disputed the World Bank’s October 2026 Nigeria Development Update, which reported N7.7tn interest payments against N6.2tn federal revenue in the first half of 2026, claiming the 124% ratio was misleading. The ministry argued the figures mixed tiers of government, excluded some agency revenues, used an incomplete half-year snapshot, and noted that revenue grew faster than interest payments, improving the full-year debt-service-to-revenue ratio to below 60%.
Pidgin: Federal Government of Nigeria don dispute World Bank October 2026 Nigeria Development Update wey talk say interest payment na N7.7tn against federal revenue of N6.2tn for first half of 2026, dem claim the 124% ratio na misleading. Ministry argue say the figures mix different levels of government, no include some agency revenues, na incomplete six-month picture, and revenue don grow faster than interest payments, so full-year debt-service-to-revenue ratio don better go below 60%.
How this affects you: No direct impact stated in source.
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