Shettima: Amid Tax Reforms, Debt Service Burden Slumped to 68% in 2025 from 120% in 2022

Vice President Kashim Shettima stated that Nigeria's debt service burden decreased to 68 percent in 2025, down from 120 percent in 2022. This decline is attributed to the implementation of strategic tax reforms. The change represents a significant improvement in the country's fiscal position and its capacity to manage long-term financial obligations.