Nigeria’s Debt Management office on Tuesday October 15th proclaimed that the country’s debt currently stands at N25.7trn.
It was further learnt the general public debt raised by N3.32trn in one year as at the top of June 2019. The nation’s debt that stood at N22.38trn as of June 2018, raised to N24.39trn in Dec 2018 and N24.95trn in March 2019.
As at June thirty, 2019, the national owed N20.42trn whereas the thirty six states and therefore the Federal Capital Territory debt portfolio stood at N5.28trn. The debt stock is formed of N8.32trn ($27.16bn) external debt and N17.38trn borrowed domestically.
