It has been revealed that Nigeria’s public debt has risen to N25.7 trillion after a drastic increase since last year.
The debt went up by N3.32 trillion in one year as at the end of June 2019, the Debt Management Office revealed.
N5.28 trillion is the amount owed by the 36 states and the Federal Capital Territory while the Federal government accrued N20.42 trillion as at June 30th, 2019.
Recommended for you
The DMO revealed the debt stock is made up of N8.32trn ($27.16bn) external debt and N17.38trn borrowed domestically.
PAY ATTENTION: Follow Dockaysworld on Facebook and stand a chance to win ₦100,000 in our top fans challenge CLICK HERE to participate now and win exclusive prices, airtime and gifts!!!!!
PAY ATTENTION: Follow Dockaysworld on Whatsapp to never miss breaking news JOIN US NOW to get news that matters at your convenience!!