Nigeria, June 1 -- Nigeria's public finances are coming under renewed pressure as debt servicing continues to swallow a large share of government revenue, leaving less room for health, education and other social investments.

In 2026, the federal government is projected to spend N15.52 trillion on debt servicing out of a N68.32 trillion budget. With a deficit of N23.85 trillion, nearly half of total spending will be financed through borrowing.

While officials argue that borrowing remains necessary to sustain infrastructure and growth, the numbers show a widening gap between what the government earns and what it spends - with debt repayments now competing directly with development priorities.

According to Budgit analysis posted on its Fa...