FG disputes World Bank’s N7.7tn interest payments

The Federal Government has disputed the World Bank's assessment of Nigeria's debt position, dismissing claims that interest payments of N7.7tn in the first half of 2026 pose a threat to the country's debt sustainability. The Federal Ministry of Finance argued that the World Bank's calculation, which showed interest payments as 124% of federal revenue, was misleading due to incomplete revenue figures and the inclusion of debt obligations serviced on behalf of state governments.

The ministry highlighted that Nigeria's fiscal position had improved, with revenue growing faster than interest payments, and that the interest-to-revenue ratio had declined significantly compared to previous years.

Brief written by urgent.news from Punch Nigeria's own syndicated text. Machine-written — may contain errors; check the original before relying on it.