FG disputes World Bank’s 124% interest-to-revenue figure: what the numbers mean
The finance ministry calls a 124% interest-to-revenue figure from the World Bank's report misleading. Here is what ₦7.7trn in interest against ₦6.2trn in revenue measures, and why it matters.
The Federal Ministry of Finance has rejected a 124% interest-to-revenue figure drawn from the World Bank's latest report on Nigeria, calling the conclusion misleading in a statement issued in Abuja on Sunday, 18 October 2026. The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, shared the statement on X. The figure sets the ₦7.7 trillion the Federal…