Just In: Nigeria’s total debt stock rises to N24.9tr – DMO

Nigeria’s total debt has increased by 2.3% to N24.947 Trillion (US$ 81.274 Billion) as of March 31, 2019.

The Debt Management Office (DMO) released the figure Wednesday morning noting “the Total Public Debt grew marginally by 2.30% when compared to the figure of N24.387 Trillion (US$ 79.437 Billion) as at December 31, 2018.”

The increase of N560.009 Billion in the Total Public Debt in Q1 2019, the DMO said: “was accounted for largely by Domestic Debt which grew by N458.363 Billion.”

Increases, the DMO added were recorded “in the Domestic Debt Stock of the FGN, States and the FCT.”

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