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Nigeria Will Spend About $11.6bn On Debt Servicing In 2026—…
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Nigeria Will Spend About $11.6bn On Debt Servicing In 2026— Tinubu
Nigeria is projected to spend approximately $11.6 billion on debt servicing in 2026. President Tinubu emphasized the potential of the blue economy for Africa's development, which has been hindered by insecurity.
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The Briefing Africa
May 13, 2026 · 09:01 · 5 min read
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Nigeria is projected to spend approximately $11.6 billion on debt servicing in 2026. President Tinubu emphasized the potential of the blue economy for Africa's development, which has been hindered by insecurity.
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President Tinubu's remarks highlight the significant financial burden of debt servicing on Nigeria's economy, while also pointing to the untapped potential of the blue economy as a means to drive growth and development in the region.