BREAKING: Nigeria’s Public Debt Currently N39.556trn
The total public debt of Nigeria has risen to N39.556 trillion ($95. 770 billion), the Debt Management Office (DMO) said at an interactive session in Abuja on Thursday. POLITICS NIGERIA reports. Information Guide Nigeria
According to POLITICS NIGERIA, DMO is a government agency established to centrally coordinate the management of Nigeria’s debt. It was formed in October 2000. jamb results
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Despite the rising public debt, the Federal Government is planning to borrow N12 trillion. The Muhammadu Buhari administration hopes to push its public debt stock to N50.22 trillion by 2023 when it will leave office. It says it needs money to finance developmental projects.
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