Nigeria’s debt profile hits N25.7 trillion

November 23, 2019 by Delia Innoma 0 Comments

The Debt Management Office (DMO) says that Nigerian’s total debt profile is N25.7 trillion.

The Director-General of the office, Patience Oniha, announced this while addressing House of Representatives Committee on Public Account on Friday in Abuja.

“As at June 2019, our debt profile is at N25.7 trillion; this includes the federal, states governments and the Federal Capital Territory (FCT).

“We call it the total public debt, out of this total, the federal government is responsible for 80 per cent of the debt,” she said.

Ms Oniha said external borrowing accounted for about 32 per cent of the total debt while the 68 per cent was domestic.

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Delia Innoma is a prolific writer, promoter, artist manager with full professional proficiency in English, German and Igbo languages. She studied accounting and computer programming at the Institute of Management and Technology Enugu and Germany respectively. Delia is also a devoted mother of two and she founded the Diamond Celebrities Magazine. Her sense of responsibility and commitment to the Christian faith are essential forces driving her daily activities.

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