Nigeria’s total public debt is now ₦121.67 trillion , the Debt Management Office said Thursday.The DMO said as of March 31, 2024, the country’s domestic and external debts stood at ₦121.67 trillion .
While total domestic debt was put at ₦65.65trn , total external debt was ₦56.02trn .The DMO stated that total public debt grew from ₦59.12trn last December to ₦65.65trn as of March 2024. “Whilst borrowing, as provided in the 2024 Appropriation Act, will continue, we expect improvements in the Government’s Revenue to enhance debt sustainability.”to the National Assembly .
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