 In business news, a PWC report has said that the increasing cost of debt servicing is weighing on the federal government's revenue profile. This report was titled Nigeria Economic Alert, assessing the 2021 federal government of Nigeria budget. According to the report, the federal government keeps spending a huge amount of its revenue to service debt. It added that the debt to revenue ratio in 2020 is about 83%. It said actual debt servicing cost in 2020 stood at 3.27 trillion Naira and represented about 10% over the budgeted amounts of 2.95 trillion Naira. This puts the debt to revenue ratio at approximately 83%. Nearly double the 46% that was budgeted.