DEBT SERVICING MAY SWALLOW 72 % OF FG REVENUE BY 2030

What happened: Nigeria's Debt Management Office projects in its 2024 Debt Sustainability Analysis that debt service will consume 71.7 per cent of Federal Government revenue by 2030, above its 50 per cent threshold. Key numbers: Debt service to revenue: 60.6 per cent in 2024, 44.9 per Why it matters: The DMO warns that rising debt service leaves fewer resources for infrastructure, healthcare and education, and could constrain the government's ability to respond to shocks without more borrowing. It cites weak revenue mobilisation, exchange rate depreciation and global uncertainty as threats.

Nigeria's Debt Management Office projects in its 2024 Debt Sustainability Analysis that debt service will consume 71.7 per cent of Federal Government revenue by 2030, above its 50 per cent threshold.

The DMO warns that rising debt service leaves fewer resources for infrastructure, healthcare and education, and could constrain the government's ability to respond to shocks without more borrowing. It cites weak revenue mobilisation, exchange rate depreciation and global uncertainty as threats.