NewStats: 3,261,373 , 8,173,819 topics. Date: Thursday, 29 May 2025 at 03:44 AM 5j2z2v

Nigeria’s total debt service payments dropped significantly from $540 million in January 2025 to $276 million in February 2025.

This is according to the Central Bank of Nigeria (CBN)’s latest data on external sector payments.

This decline comes amid ongoing efforts by the federal government to restructure its debt portfolio, improve dollar liquidity, and ease pressure on the foreign exchange market.

The figures, published on the apex bank’s website, highlight the increasing strain of debt obligations on Nigeria’s external reserves and overall fiscal sustainability.

Analysts suggest that recent debt repayment deferrals and negotiations with multilateral lenders may have contributed to the lower outflows for the month.

Surge in Letters of Credit

While debt service payments declined, Letters of Credit (LCs) rose sharply, indicating increased financing of trade transactions.

The CBN reported that LCs issued in February 2025 totaled $95.6 million, a 48% increase from $64.6 million in January 2025.

The rise in LCs suggests a recovery in import-related activities, particularly as businesses adjust to the fluctuating naira exchange rate and government policies aimed at stabilizing trade financing.

Foreign Reserves and Government Measures
President Bola Tinubu has said in the first 17 months of his istration, Nigeria’s revenue-to-debt service ratio has reduced to 65% from 97%.

The federal government has continued engagements with global lenders and investors to ease Nigeria’s growing debt burden.

The CBN’s monetary policy direction in recent months has focused on stabilizing the naira while balancing external obligations.

According to the Debt Management Office (DMO), Nigeria’s debt servicing payments have surged by 69% in the first half of 2024, reaching N6.04 trillion, up from N3.58 trillion recorded in the same period of 2023.

https://nairametrics.com/2025/03/17/nigerias-debt-service-drops-to-276-million-in-february-2025-cbn/?amp=1

Bringing down debt service ratio, bringing down debt service payments within two years. We don't deserve this hardworking, courageous and intelligent man. You don't appreciate what you've got until you lose it.


-Kiss the truth!

Obidients seem disappointed because they were expecting to see that Nigeria has plunged into more debts than ever before. "Bitterness" na una surname.

Tinubu the economist

Mtchwww

TimeManager:


https://nairametrics.com/2025/03/17/nigerias-debt-service-drops-to-276-million-in-february-2025-cbn/?amp=1

Fake stat

Poverty everywhere in the land

if true that a good one

femi4:
Fake stat

Poverty everywhere in the land

Painment

Lol, democracy in danger. Wailers don't want to hear this terrible news.

TimeManager:


https://nairametrics.com/2025/03/17/nigerias-debt-service-drops-to-276-million-in-february-2025-cbn/?amp=1

Truth kisser and lie teller. We are not stupid bro, yes the debt servicing will drop because Tinubu has devalued the currency twice in two years. So definitely the volume of USD required for servicing will reduce, but the volume of Naira to match the rate will spike.

Gradually

TimeManager:
Bringing down debt service ratio, bringing down debt service payments within two years. We don't deserve this hardworking, courageous and intelligent man. You don't appreciate what you've got until you lose it.


-Kiss the truth!

Guy take am easy to dey lie ehnnnn Truth kisser. It is easy to explain naaaaa. The naira was devalued twice from 400 to 700 and now at 1500.

CBN is not a reliable source

Noted.

obyno82:


Truth kisser and lie teller. We are not stupid bro, yes the debt servicing will drop because Tinubu has devalued the currency twice in two years. So definitely the volume of USD required for servicing will reduce, but the volume of Naira to match the rate will spike.

explain

Nice.

obyno82:


Truth kisser and lie teller. We are not stupid bro, yes the debt servicing will drop because Tinubu has devalued the currency twice in two years. So definitely the volume of USD required for servicing will reduce, but the volume of Naira to match the rate will spike.

Do you mind elucidating on this point with actual data please

The same P/H refinery that you said is not working is the one you're celebrating when you heard the fake news that it's on fire.

Who spend the DEBT ?



Politicians


Government


Masses.

Which kind Oshodi market explanation be this?

obyno82:


Truth kisser and lie teller. We are not stupid bro, yes the debt servicing will drop because Tinubu has devalued the currency twice in two years. So definitely the volume of USD required for servicing will reduce, but the volume of Naira to match the rate will spike.

They have come with another propaganda and distraction. They are telling us about debt servicing while people are suffering. Useless and terrible drug sniffing certificate forger

obyno82:


Truth kisser and lie teller. We are not stupid bro, yes the debt servicing will drop because Tinubu has devalued the currency twice in two years. So definitely the volume of USD required for servicing will reduce, but the volume of Naira to match the rate will spike.

Which school did you attend?

Your parents need to be refunded.

H

Just look at money they are calling

God bless His Excellency, President Asiwaju Bola Ahmed Tinubu (GCFR)

Gradually, we taking giant steps

Tjra:

Which school did you attend?

Your parents need to be refunded.

🤣🤣🤣🤣

Let's entertain good news please 🙏

Bunch of propagandists..
Funny people.
Your debt burdens is astronomically increasing, and you are all over the news desperately trying hard to hoodwink the uninitiated by rambling about a bogus decrease in interest payments.. Picture that..
The question is; is your debt going up or down!?

obyno82:


Truth kisser and lie teller. We are not stupid bro, yes the debt servicing will drop because Tinubu has devalued the currency twice in two years. So definitely the volume of USD required for servicing will reduce, but the volume of Naira to match the rate will spike.

I'm certain u be back bencher for school...na sawdust fill ur brain..u know nothing, absolutely nothing as far as this very post is concerned