The data, sourced from the Office of the Accountant-General of the Federation and the Budget Office of the Federation, showed that total debt service expenditure stood at N12.63 trillion by the end of the third quarter of 2025, while total capital expenditure amounted to N3.10 trillion.
Nigeria has spent about N12.63trillion on debt servicing between January and September 2025, more than four times the N3.1trillion released for capital and infrastructural development within the same period, according to figures from the 2025 amended budget implementation report.
The data, sourced from the Office of the Accountant-General of the Federation and the Budget Office of the Federation, showed that total debt service expenditure stood at N12.63 trillion by the end of the third quarter of 2025, while total capital expenditure amounted to N3.10 trillion.
An analysis of the budget performance document indicated that debt obligations continued to consume a substantial portion of government spending, overshadowing allocations to infrastructure and development projects.
The report showed that domestic debt servicing accounted for the largest share of the expenditure, with the Federal Government spending about N6.22 trillion on domestic debt obligations during the nine-month period. Foreign debt servicing, on the other hand, amounted to about N6.29 trillion.
