Nigeria’s debt stock to hit N34tr with new loans

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The total debt stock for Nigeria could rise from N33 trillion to N34tr soon as the National Assembly approves another N1.1tr external loan request for the federal government.

The House of Representatives Thursday approved the external loan of $1.5 billion and €995 million for the federal government while the Senate had approved the request last week.The Debt Management Office had in March 2021 placed Nigeria’s Public debt at N32.915tr as of December 31, 2020. This included the debt stock of the federal and state governments as well as the Federal Capital Territory .

 

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Can some uplift my sprit about this act.

Lol What a country....

ibraheem_530 Continue

Continue Buhari... You'll pay for this

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