Nigeria’s Debt Up By ₦24.33trn In Three Months, Now ₦121.67trn


Nigeria’s total public debt is now ₦ 121.67 trillion ($91.46 billion), the Debt Management Office (DMO) said Thursday.

The DMO said as of March 31, 2024, the country’s domestic and external debts stood at ₦ 121.67 trillion ($91.46 billion).

Nigeria’s debt rose by ₦ 24.33 trillion within three months – from N97.34 trillion ($108.23 billion) in December 2023 to ₦ 121.67 trillion ($91.46 billion).

The debt represents external and domestic borrowings by the Federal Government and the 36 state governments and the Federal Capital Territory (FCT).

While total domestic debt was put at N65.65trn ($46.29bn), total external debt was N56.02trn ($42.12bn).

More to follow…

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