Domestic debt service, 2020 to 2024
88 kobo of every naira went on interest
12 reduced what the country owes. The rest was rent.
₦2.05 Trillion paid in 2021
Domestic debt service as published by the Centre for Inclusive Social Development. Interest is rounded down and principal takes the remainder, so the interest figure is never larger than the source supports. See the full series.
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The figures, the documents behind them, or a letter asking government for what it has not published.
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As at 2024
Each is published by the institution that produced it and checked against the original document before it appeared here. The period and the publisher are printed beneath every one.
₦12.631T
Annual debt service
That is more than twelve times the federal capital budget for education, health, youth and women's affairs combined. Imagine the transformation if …
95%
Interest share of domestic debt service
Only the remainder reduces what we owe. The interest share has climbed from 88% in 2020, which means we are paying more …
45.15%
External share
Foreign currency debt makes us vulnerable to exchange rate movements. When the naira weakens, the burden grows automatically—without government borrowing a single …
Every figure on this page is drawn from Debt Management Office publications and federal budget implementation reports, and is labelled with the period it covers. Where we could not trace a number to a published source, we have taken it down rather than leave it standing. Explore the underlying data.
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