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Nigeria disputes World Bank’s 7.7 trillion naira interest figure

By , based on Punch

Nigeria disputes World Bank’s 7.7 trillion naira interest figure

Nigeria’s Federal Ministry of Finance disputes the World Bank’s estimate that 7.7 trillion naira in interest was paid in the first half of 2026, equivalent to 124% of federal revenue. It says the ratio is misleading because it is based on incomplete revenue figures and includes debts settled on behalf of the states, Punch reports.

The Nigerian government disputes the World Bank’s calculation that debt interest reached 7.7 trillion naira in the first half of 2026, equivalent to 124% of federal revenue, Punch reports. The Federal Ministry of Finance says the assessment is misleading and based on incomplete revenue figures.

The ministry also argues that the calculation includes debt obligations taken on behalf of the states. It set out its position in a statement issued on Sunday and shared on X by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele.

Summary produced with the help of artificial intelligence tools, under AFREEQUE’s editorial responsibility.

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