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Blue Update

FEDERAL GOVERNMENT OF NIGERIA ALLOCATES N3.1tr for DEBT SERVICING in 2021

About N3.124 trillion will go into debt servicing next year, according to a Budget Call Circular released by the Budget Office of the Federation (BOF). The debt servicing obligations will be made up of N2.183 trillion for Domestic Debt and N940.89 billion for Foreign Debt. In the document, N220 billion is proposed for Sinking Fund […]