Nigeria paid $1.66bn in 12 months for foreign debt servicing

An anylysis of data from the Debt Management Office, DMO, has revealed that Servicing the nation’s external debt gulped $1.66bn in one year.

This is between the month of  July 2018 to June 2019.

According to the data within the one-year period, the country’s external debt rose from $21.59bn to $27.16bn.