Nigeria’s Public Debt Now Close To ₦40 Trillion – DMO
March 17, 2022
1:20 pm
Nigeria’s public debt as at December 2021 was ₦39.55 trillion, an increase of ₦1.5 trillion since September, the Debt Management Office (DMO), have revealed.
Patience Oniha, the Director-General of the DMO, said this on Thursday, while addressing newsmen on the country’s debt situation.
Oniha said that the amount represented the total external and domestic debts of the Federal Government, 36 state governments as well as the Federal Capital Territory (FCT).
Africa Daily News, New York recalls that the country’s debt stock as at September 2021 was ₦38 trillion.
She stated that the increased public debt included new borrowings by both …
