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Nigeria’s foreign debt stands at $22.08bn

Nigeria’s foreign debt currently stands at $22.08 billion according to the National Bureau of Statistics (NBS).

The bureau puts domestic debt at N3.48 billion.

The NBS in the Nigerian Domestic and Foreign Debt Q2 2018 report released in Abuja shows that $10.88billion of the debt is multilateral and $274.98 million is bilateral.

Multilateral debts are debts owed by developing countries to the World Bank and IMF, known as the Bretton Woods Institutions, while bilateral debt is a simple loan arrangement between a single borrower and a single lender.

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About Don Saint

PR Guru / Author / Promoter / Controversial Writer / Hip Hop Artiste / Actor / Human Rights Activist. The First Nigerian Hip Hop Artiste to obtain a Masters Degree (M.A) in Arts ( Religion & Human Relations). The author of one of the most controversial books in Nigeria; "Emancipation from Masturbation". With over 12 Movies and 3 Musical albums since 2003. Former Events Manager at Silverbird’s Rhythm Fm Awka Station till 2010. For more info. Call : 08033239298, 08056381068.

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