NACCIMA, Others List Risks to Economy As Debt Hits N46.3 Trillion | GMNS LIVE (Mar 31)

Nigeria’s total public debt stock rose to N46.25 trillion or $103.11 billion at the end of December 2022, the Debt Management Office (DMO) announced yesterday. The figure consists of the domestic and external debt stocks of the Federal Government, 36 state governments, and the Federal Capital Territory The figure reflects a 14.46 per cent increase when compared to N39.56 trillion (USD95.77 billion) recorded on 31 December, 2021. According to a statement issued by the DMO, in terms of composition, total domestic debt stock was N27.55 trillion (USD 61.42 billion) while total external debt stock was N18.70 trillion (USD 41.69 billion).

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