Foreign debts – InfoStride News https://www.theinfostride.com Breaking News, Nigeria News and Top Stories Mon, 11 Aug 2025 17:36:27 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://www.theinfostride.com/wp-content/uploads/2015/07/cropped-The-InfoStride-Favicon-150x150.png Foreign debts – InfoStride News https://www.theinfostride.com 32 32 States Face 68% Surge in Foreign Debt Servicing Costs https://www.theinfostride.com/states-face-68-surge-in-foreign-debt-servicing-costs/ https://www.theinfostride.com/states-face-68-surge-in-foreign-debt-servicing-costs/#respond Mon, 11 Aug 2025 17:36:27 +0000 https://www.theinfostride.com/?p=464698 Several Nigerian states are grappling with a steep rise in their external debt servicing obligations, with new figures indicating a 68 percent surge in foreign debt payments. The increase, attributed to currency depreciation, higher interest rates on external loans, and lingering economic pressures, has intensified fiscal strains on subnational governments already battling revenue shortfalls. According [...]

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