Nigeria’s Debt Profile Under Buhari Increases By N1trillion In Three Months Amid Economic Crisis | Sahara Reporters

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Nigeria’s debt profile seems not to be abating as the figure jumped again by over N1 trillion in just three months which is between June and September 2022, a new release by the Debt Management Office has revealed. As of September 30, 2022, Nigeria’s total debt stock rose to N44.06 trillion as against N42.84 trillion recorded on June 30, the DMO stated. The debt “comprises the Total Domestic and External Debt Stock of the Federal Government of Nigeria (FGN), all State Governments and the Federal Capital Territory (FCT),” Debt Management Office said in a release on Friday.

December 10, 2022As of September 30, 2022, Nigeria’s total debt stock rose to N44.06 trillion as against N42.84 trillion recorded on June 30, the DMO stated.

As of September 30, 2022, Nigeria’s total debt stock rose to N44.06 trillion as against N42.84 trillion recorded on June 30, the DMO stated. According to DMO, the increase in the public debt stock was largely due to new borrowings by the federal government to finance the deficit in the 2022 Appropriation Act, as well as new borrowings by state governments.

Former President Olusegun Obasanjo, under whose leadership Nigeria cleared its external debts, earlier in the year criticised the incumbent regime for accumulating debt for future generations, describing it as a “foolish” and “criminal” act.

 

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The worst and most uneducated and unqualified man to ever head Nigeria political space.. Buhari

Chai, too many debts incurred by this APC president. Debts he will not pay and leave behind for the incoming. We are in trouble.

That's not even the problem,the real problems re those still supporting this APC government. VOTE WISELY guys.

You never see anything. Continue

Good job Bubu

Tortoise Gear up beside River that swallow an Elephant,is it going to Fly over the River or jump over? You take money,Vote for APC&PDP, are you going to Fly over horrible hardship they caused you? No. Never, you will jump from fry pan to fire. Vote for Peter Obi Problem solver

Yes 👏 failed mentality!!! Suffer never do Una “ funani herdsmen never finish Una “ Una wo cry 😭 even God no wo listen this very time around “ go and vote BAT and suffer and diiie

Na work for who go climb the seat o, because na debts em go use him first and second tenures pay

The messiah they wanted 🤣

Throwing money at a problem have never solved any problem and retired grandpa buharian is just realizing that

Buhari na economic Maguire 👎

The most corrupt person in the history of Nigeria.

Everyone is feeling D harsh economic effect irrespective of Religion, tribe, and party. So why should we allow politicians to use tribe, religion & party to divide us only when they need votes? After the elections, we are all left to suffer in unity again. Fuel is 250 per liter.

Consumption

Buhari is the real Rich Kid

Tinubu will continue where he stopped.🚀🚀🚀

All this happening when other oil-producing countries (and even provinces of those countries) are having surpluses from increases in oil price. It shows how these corrupt “leaders” have taken their looting of the treasury to astronomical levels while the people languish in pain.

Ónigbésé in Chief.

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