📉 Nigeria's debt service ratio to hit 71.7% by 2030 Nigeria's debt service-to-revenue ratio is projected to rise to 71.7% by 2030 under a baseline scenario, the Debt Management Office (DMO) has warned — well above the DMO's own recommended ceiling of 50%. The projection signals increasing pressure on federal government finances, as a growing share of revenue would be consumed by debt obligations rather than public spending. Nigeria has struggled with a high debt service burden in recent years, limiting fiscal space for infrastructure, health and social programmes. Source
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