- Debt servicing to absorb nearly 30% of Nigeria’s 2026 spending
- Analysts flag oil revenue assumptions as overly optimistic
ABUJA, NIGERIA – Nigeria’s 2026 budget plans have triggered warnings from analysts who fear Africa’s largest economy could slip into a debt trap amid soaring debt servicing costs and ambitious revenue assumptions.
The Federal Executive Council has approved the 2026–2028 Medium-Term Expenditure Framework and Fiscal Strategy Paper, setting out spending and revenue projections that economists say carry growing fiscal risks.
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