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Nigeria’s debt profile hits N25.7bn

By Bukola Olasanmi

The Debt Management Office (DMO), says as, on June 30, Nigeria owes N25.7 trillion in debt both domestically and externally.

The DMO said this in its ‘Total Public Debt Portfolio’ obtained from its website on Wednesday in Abuja.

As of Dec. 31, 2018, Nigeria’s total debt stock stood at N24.38 trillion. The present figure shows an increase in the debt stock of N1.32 trillion.

The DMO said that the current total debt stock comprised both the Federal Government debt, that of the 36 states and the Federal Capital Territory (FCT).

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