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Nigeria to spend $11.6b on debt servicing in 2026 – Tinubu
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Nigeria to spend $11.6b on debt servicing in 2026 – Tinubu
President Bola Tinubu announced that Nigeria plans to allocate $11.6 billion for debt servicing in 2026. He also expressed concern over Africa's low 2% share in global manufacturing value addition.
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The Briefing Africa
May 12, 2026 · 22:33 · 5 min read
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President Bola Tinubu announced that Nigeria plans to allocate $11.6 billion for debt servicing in 2026. He also expressed concern over Africa's low 2% share in global manufacturing value addition.
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The significant allocation for debt servicing highlights ongoing economic challenges in Nigeria, as the government seeks to balance fiscal responsibilities with the need for investment in growth sectors. Tinubu's remarks also point to broader issues facing the African continent in global economic participation.