FG spends N2.02tn on debt servicing

The Federal government has spent N2.02tn on debt servicing in the first six months of the year.

This figure represents 90.58 per cent of the total revenue of N2.23tn generated by the federal government within the period, a development which experts said signified a dangerous trend for the economy.

The Figure was disclosed by the Technical Adviser to the Director General of the Budget Office, Alfred Okon, while presenting the “Overview of FGN 2022 Budget Call Circular” report.


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