States spent N455bn servicing foreign loans in 2025, new FAAC data shows
New data from the Federation Accounts Allocation Committee (FAAC), shows that Nigerian states paid N455.38 billion in foreign debt service in 2025, up from N362.08 billion in 2024. This represents a year-on-year increase of N93.30 billion, or 25.77 per cent. The rise indicates that states devoted a larger portion of their FAAC allocations…









