BREAKING: Nigeria’s debt rises by N2.3trn, hits N31trn – DMO

📆 9/9/2020 8:29 PM
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The Debt Management Office on Wednesday released Nigeria’s total public debt stock as of June 30, 2020, and put the country’s entire debt at N31trn, indicating an increase of N2.

38trn within a space of three months.

Nigeria’s total public debt stock includes the debt stock of the Federal Government, the 36 states, and the Federal Capital Territory. Just as the country’s public debt stock, the DMO also released reports on Nigeria’s Actual External Debt Service Payments in Second Quarter, 2020, as well as Nigeria’s External Debt Stock as of June 30, 2020.

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Nigeria's Public Debt Stock Rises by N2.38tn in Three Months to N31tn - THISDAYLIVEBy Ndubuisi Francis Nigeria’s total public debt stock increased from N28.628 trillion ($79.303 billion) as at March 31, 2020 to N31.009 trillion ($85.897 Billion) by June 30, 2020, according to latest statistics released by the Debt Management Office (DMO). The DMO attributed the N2.381 trillion ($6.593 billion) rise in the debt stock to the $3.36 …
Source: THISDAY LIVE - 🏆 14. / 51 Read more »