Nigeria’s Vice President, Kashim Shettima, says ongoing tax reforms under the administration of Bola Ahmed Tinubu have significantly eased pressure on the country’s public finances, reducing the debt service-to-revenue ratio from 120 percent in 2022 to 68 percent in 2025.
Shettima described the development as evidence of what he called “fiscal recovery and economic restructuring”, arguing that reforms introduced by the government are beginning to stabilise Nigeria’s revenue base and improve financial sustainability.
The debt service-to-revenue ratio — a key indicator used to measure how much government income is spent servicing debt — had previously raised concerns among economists and international lenders over Nigeria’s growing fiscal vulnerability.
Government officials say the reduction reflects improved revenue generation, tax administration reforms and broader efforts to strengthen economic management amid persistent inflation and currency pressures in Africa’s largest economy.
