₦airaland Forum

World Bank: Nigeria’s debt interest payments rose to N7trn in H1 2026 — gulping over 100% of revenue

Nigeria’s interest payments rose to N7.7 trillion in the first half of 2026, from N5.6 trillion in the corresponding period of 2025, amid high domestic borrowing costs, according to the World Bank.

The interest payment gulped 124.19 percent of the federal government revenue.

In its 2026 Nigeria Development Update (NDU) titled ‘Beyond the Federal Purse: How Higher Revenues Reshaped State Priorities,’ the bank said interest payments increased to 3.1 percent of gross domestic product (GDP) from 2.5 percent a year earlier.

Source

Despite removing subsidy and plunging tens of millions of Nigerians into extreme hardship, still Nigeria is drowning in more debt.

SAN Femi Falana and well meaning Nigerians urge you to stand together and defend the votes of everyone.

Let no thug or agbero stand at your polling unit and determine who will vote and who won’t. Defend yourself and others for a better Nigeria.

It's not possible it gulps 100% of revenue. Revenue project for 2026 is about 36 trillion naira according to the budget

Let me simplify it for you and other Tinubu supporters:

People can consume over 100% of their income, they make it up by borrowing, and that’s what your government has been doing.

olaNL:
It's not possible it gulps 100% of revenue. Revenue project for 2026 is about 36 trillion naira according to the budget

Before this man leaves office he will be richer than Elon musk

All these same debt that we are talking about na APC Buhari and Tinubu own. APC borrowed more than 80 percent of our total debt.
Before we now speak of government waste across region. I don't want to speak about the corruption aspect. Only for waste we spend trillions of naira. Buying things we don't need and approving project because you want to steal.

A borrower is a slave to the lender

That's the outcome of their much talk about policies

And yet borrowing still never stop

Government of fraud!

Idiotic idiot!

Sometimes I ask myself that those campaigning and enthusiasm APC really meant well for this nation ?

How can a party be this bad... Just read this ! And they think going& via tribalism is the best ....


We can't be like this...can we have our own places

olaNL:
It's not possible it gulps 100% of revenue. Revenue project for 2026 is about 36 trillion naira according to the budget

The statement is as simple and clear as ABC.
Nigeria spent more than IGR it has in the first 6 months of 2026.
What it means is that it borrowed money to pay debts.

AFONJAPIG:
Before this man leaves office he will be richer than Elon musk

The reason true Nigerians should ensure that he's booted out of that office so he spends the rest of his miserable life behind bars!

See what a failed govern have done to a country.

This is actually good news, but something doesn’t add up in the report. Federation debt service-to-revenue fell from 86% in 2023 to 38% in 2024, rising to 42% in 2025.

FG revenue grew 72% to ₦6.2tn in H1 2026, while interest payments rose just 37.5%. Consequently, interest-to-FG-revenue fell from 156% to 124%. That’s an improvement in FG’s fiscal position, not a deterioration.

Also, the 124% is against FG revenue, NOT total federation revenue. Context matters

Debt servicing provision in the 26 budget is N15tr......the figure quoted there is just about half of the provision whic covers half of 2026.

The total amount for debt servicing isnt up to half of estimated revenue for 2026 at N36tr.........maybe WB is referring to a subset of our revenue, oil or non oil.

To all the indolent opposition buffoons tinubu didn't borrow all the debt your country is owing......gej took us back to over $60b from $3.6b obj left us,buhari took us to $108b.......tinubu took us to $120.9b as at H1 26.
https://www.dmo.gov.ng/6080-nigeria-s-total-public-debt-as-at-june-30-2026/file

https://www.dmo.gov.ng/4324-nigeria-s-total-public-debt-as-at-march-31-2023/file

https://www.dmo.gov.ng/62-total-public-debt-stock-as-at-31st-march-2015/file

Gej between december 2012 and March 2015 already borrowed more than tinubu has in 4 almost 4 years.....about $20b.

The government is ruined by thieves who have no plans for Nigeria's welfare. They only care about their lives and family

“Debt is not a bad thing, it’s what you do with it that matters” - Tatar bois.

“USA has more debt than any country in the world” - Tatar bois.

They just spill anything they were told in their group chats without using the device in their hands to do a little research on the matter. In this day and age?

When is Atiku and Obi going to jump into the bandwagon and begin to parrot this conjecture of a bad news 🤣🤣🤣

Was it president Tinubu that obtained those loans?

The opposition will never ask such question but if it's FG taking loans, that's when we start hearing so many incoherent stories

Modified: Considering how the opposition supporters reacted to this without even comprehending the whole epistle, they are a disgrace to the Nigerian youths

Shame on them

Aso Villa Bandit is still collecting debt despite subsidy removal .

Wale edun spoke about this debt issue and honestly buhari administration put us in this mess. But this administration is adding more debts

When people like peter obi complain about debt, tinubu and his supporters claim that debt is a sign of good governance.

Voodoo and unproductive economics

ariesbull:
Sometimes I ask myself that those campaigning and enthusiasm APC really meant well for this nation ?

How can a party be this bad... Just read this ! And they think going& via tribalism is the best ....


We can't be like this...can we have our own places

Did you even comprehend what you are nagging about.

You opposition supporters are a disgrace to the Nigerians youths with your incoherent reactions to news

You can't take what precisely, FG servicing debt?

lapintoz:
When is Atiku and Obi going to jump into the bandwagon and begin to parrot this conjecture of a bad news 🤣🤣🤣

Your govt is spending over 100% of what it earns on debt servicing. There is no money to provide healthcare, infrastructure and other good things of life.

Instead of you to cry about the state of your country, you are worried about what atiku or obi has to say.
Two very financially comfortable men.

You are worrying on behalf of tinubu, instead of crying for your future.

You are of all men, most miserable.

It's the way of the oil dependent economy.

Or the resource dependent economy


Because all our revenue comes from oil and the oil is not enough ,.we have been borrowing for decades

This is the cumulative effect

And that is why we cannot have a subsidy on fuel

Bizibi:
Wale edun spoke about this debt issue and honestly buhari administration put us in this mess. But this administration is adding more debts

Buhari govt paid subsidies for 8 years, witnessed COVID 19 crisis, built some infrastructure.

What exactly is this one doing after removing subsidies and still borrowing more

Nigerians have an opportunity to elect a financially frugal man in the person of peter obi, who will be able to sort out the mess.

Watch how they fuckkkk up the opportunity.

People like Taiwo oyedele the over educate elites of Tinubu empire will come and tell its no big ... They will look for one country maybe Venezuela or what to say see .. ..Nigeria is no.5 cambodia is using 300% india is using 400% of revenue to service debt

Infact Nigerians owe Tinubu apology, cos All Tinubu deserve is Appreciation if not for Tinubu still breathing Nigeria would have extinct like Pompeii

TINUBU saved our lives, We all would have been dead by now cos Buhari left nothing

Tinubu making generations of Nigerians slaves in debt for years to come.

The government should gear up revenue, that is the only sensible option and they can equally sell some national assets to offset part of the debt and relief the burden.

APC is a crime against humanity. We will do whatever it takes to rid this country of Tinubu . Even it means going to war with the governmnt