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Nigeria’s debt hits N25.7trillion

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Edwin Eriye

The Debt Management office has revealed that Nigeria’s public debt has hit N25.7trillion, up by N3.32 trillion in one year as at the end of June 2019.

While the federal government owed N20.42trn as at June 30, 2019, the 36 states and Federal Capital Territory debt portfolio stood at N5.28trn.

The Debt Management also revealed that the debt stock is made up of N8.32trn ($27.16bn) external debt and 17.38trn borrowed domestically.

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