Nigeria’s Debt Hits N24.387 Trillion
Nigeria’s public debt has now risen to N24.387trillion as at December last year, the Director General of the Debt Management Offfice (DMO), Ms Patience Oniha disclosed Thursday.
The debt profile is about 12.25 per cent or N2.66trillion increase from the 2017 figure of N21.7 trillion.
The breakdown showed that external debt is N7.759.23 trillion while domestic debt stood at N16.627.84 trillion.
Oniha told journalists in Abuja that the debt was made up of what is owed by both the federal and state governments, including the Federal Capital Territory (FCT).
She said that the debt was made up of 78 percent of loans by the federal government and FCT and 22 percent for the states.
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