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Nigeria’s Debt Service Drops To $276 Million In February 2025 – CBN - Politics - Nairaland 3ag2v

Nigeria’s Debt Service Drops To $276 Million In February 2025 – CBN (5976 Views)

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TimeManager(m): 5:30pm On Mar 19
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

12 Likes 2 Shares

TimeManager(m): 5:34pm On Mar 19
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!

57 Likes 7 Shares

Almunjid(m): 5:58pm On Mar 19
Obidients seem disappointed because they were expecting to see that Nigeria has plunged into more debts than ever before. "Bitterness" na una surname. cheesy

33 Likes 2 Shares

Judolisco(m): 5:59pm On Mar 19
Tinubu the economist grin

23 Likes

Emeskhalifa(m): 5:59pm On Mar 19
Mtchwww
femi4: 5:59pm On Mar 19

2 Likes 1 Share

Pootle: 6:00pm On Mar 19
if true that a good one

10 Likes 1 Share

damkin24(m): 6:01pm On Mar 19
femi4:
Fake stat

Poverty everywhere in the land
Painment

23 Likes

Image123(m): 6:01pm On Mar 19
Lol, democracy in danger. Wailers don't want to hear this terrible news.

62 Likes

obyno82: 6:02pm On Mar 19
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.

6 Likes 3 Shares

INTEGRITYA1(m): 6:02pm On Mar 19
Gradually

3 Likes

obyno82: 6:04pm On Mar 19
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.

1 Like

Ringstonermasks: 6:05pm On Mar 19
CBN is not a reliable source

1 Like

bigdammyj: 6:05pm On Mar 19
Noted.
Dtraitor: 6:05pm On Mar 19
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

5 Likes

Commentor: 6:05pm On Mar 19
Nice.

3 Likes

Xammie001(m): 6:06pm On Mar 19
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

3 Likes

Obiedun(m): 6:06pm On Mar 19
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.

56 Likes 1 Share

dododawa1: 6:09pm On Mar 19
Who spend the DEBT ?



Politicians


Government


Masses.

1 Like

Amalekki: 6:09pm On Mar 19
Which kind Oshodi market explanation be this? grin

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.

4 Likes

Dreambeat: 6:11pm On Mar 19
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
Tjra: 6:11pm On Mar 19
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.

7 Likes

Peterpaul96: 6:13pm On Mar 19
H
VillageOracle00: 6:14pm On Mar 19
Just look at money they are calling
CoronaVirusPro: 6:15pm On Mar 19
God bless His Excellency, President Asiwaju Bola Ahmed Tinubu (GCFR)

Gradually, we taking giant steps

3 Likes

CoronaVirusPro: 6:15pm On Mar 19
Tjra:

Which school did you attend?

Your parents need to be refunded.

🤣🤣🤣🤣

3 Likes

Damilgodwin(m): 6:16pm On Mar 19
Let's entertain good news please 🙏

1 Like

owobokiri(m): 6:16pm On Mar 19
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!?
timilehin007(m): 6:18pm On Mar 19
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

4 Likes

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