Nigeria has spent $1.09billion on debt servicing between January and September this year.
This was disclosed by the central bank of Nigeria.
The international payment data by the CBN showed that debt servicing gulped a total of $1.28bn in nine months of 2018.
In the first quarter of 2019, a total of $354.6million was spent to service debts. The amount dropped to $252.3million in the second quarter.
The Apex bank further disclosed that a total of $485.8million was spent to service debts in the third quarter of 2019.
The company did not provide an estimate of how many homes its investments are intended to create.