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Topic: Railway debt servicing gulps N246bn, NRC revenue tumbles  (Read 1091 times)

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Railway debt servicing gulps N246bn, NRC revenue tumbles
« on: January 04, 2023, 01:08:05 PM »
Railway debt servicing gulps N246bn, NRC revenue tumbles

The Federal Government spent $548.67m (N246.11bn using the official exchange rate of N448.55 to a dollar by the Central Bank of Nigeria ) to service railway-related debts between 2016 and 2022, according to Nigeria’s external debt service payments reports by the Debt Management Office. Between January and December 2016, railway debt servicing gulped $19.99m, with


 
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Source: Railway debt servicing gulps N246bn, NRC revenue tumbles

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