December 14, 2021

Breaking: Nigeria’s public debt hits N38 trillion

Rising debt profile will plunge Nigerians into poverty, CSO decries country’s borrowings

By Emma Ujah, Abuja Bureau Chief

The nation’s Total Public Debt rose to N38.005 trillion as at September 30, 2021.

This was contained in the debt data released by the Debt Management Office (DMO), this evening.

READ ALSO: Nigeria’s high debt: Invitation to recolonisation and slavery (2)

The figure showed that Nigeria’s Public Debt increased from N35.465 trillion at the end of Q2 2021  by N2.540 trillion to the end September level.

Details soon…