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Macroeconomy
Nigeria Spends 11 Times More on Debt Interest Than Capital Projects
Investors King
Oct 13, 2026 · 09:22 WAT
Nigeria’s Federal Government spent N7.7 trillion on debt interest payments in the first six months of 2026, compared with N700 billion on capital expenditure. The figures were reported in the World Bank’s October 2026 Nigeria Development Update.