 The federal government has made a total of 3.25 trillion Naira in 2020 according to a review of the budget performance of the 2020 Appropriation Act. The review also showed that the federal government spent a total of 2.34 trillion Naira on debt severson within the year. This means that 72% of the government's revenue was spent on debt severson. It also puts the government's debt severson to revenue ratio at 72%. In 2019, the federal government made a total of 3.86 trillion Naira. Within the year, debt severson got 2.11 trillion Naira. This puts the federal government's debt severson to revenue ratio in 2019 at 54.66%. This means that between 2019 and 2020, the federal government's debt severson to revenue ratio jumped from 54.66% to 72%. As of March 31, the debt management office put Nigeria's total debt at 33.11 trillion Naira. Out of this figure, 20.64 trillion Naira, which is about 62.33%, was owed to domestic creditors while 12.47 trillion Naira, about 37.67%, was owed to foreign creditors. So you get notified about fresh news updates.