The total public debt portfolio of Nigeria has risen to N28.63tn, the Debt Management Office announced on Thursday.
In
its Public Debt Portfolio report released on Thursday night, the DMO
explained that the country’s total debt rose from the N27.4tn recorded
in December 2019 to N28.63tn in March 2020.
This indicates that
within a space of three months, the country’s public debt portfolio grew
by N1.23tn, representing 4.48 per cent.
Nigeria’s total external debt obligations as of the end of March this year stood at N9.99tn, the debt office also stated.
The
N9.99tn is about N970bn higher than N9.02trn which was recorded as
external debt obligations in December 2020.The debt office said the
country’s domestic debt was N18.64tn, representing 65.11 per cent of the
Nigeria’s debt stock.
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