Nigeria’s debt rises to ₦32.2 trillion

The Debt Management Office says Nigeria’s debt stock has risen to ₦32.223 trillion as at September 2020. The DMO made this known in its third-quarter country debt data released on Thursday in Abuja. The statement explained that Nigeria’s debt stock grew by ₦1.214 trillion between June 2020 and end of September 2020.

According to DMO, “the Total Public Debt Stock stood at N32.223 Trillion or USD84.574 Billion.” The Debt Stock is made up of the Domestic and External Debt Stocks of the Federal Government of Nigeria (FGN), the 36 State Governments and the Federal Capital Territory (FCT).

The DMO Public Debt figures show that 37.82% represents External debts, while the balance of 62.18% is Domestic.

 

– Vanguard

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.

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