A total of $1.91 billion was spent by the Nigerian government for international debt servicing and payments between January and October 2021.
32.36% ($617.53 million )of the total was paid in January. The second-largest sum, $230.69 million for debt servicing, was spent in August.
#ChartoftheDay: Loans from China Increased by 145.27% from Q1 2016 to Q3 2021
The month of June recorded the least amount with $49.04 million, which is 2.57% of the total.
The total external debt profile of Nigeria as of September 2021 stood at $37.96 billion.