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    Nigeria’s debt hits N25.7trn, up by N3.3trn

    Chronicle EditorBy Chronicle EditorOctober 16, 2019No Comments1 Min Read
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    President Muhammadu Buhari is still battling insecurity in Nigeria Shekwo farmers bandit
    President Muhammadu Buhari
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    Nigeria public debt stands at N25.7trn up by N3.32trn in one year as at the end of June 2019, the Debt Management Office said on Tuesday.

    While the Federal Government owed N20.42trn as at June 30, 2019, the 36 states and the Federal Capital Territory debt portfolio stood at N5.28trn.

    The DMO revealed the debt stock is made up of N8.32trn ($27.16bn) external debt and N17.38trn borrowed domestically.

    READ: Inflation rises to 11.24% in September – NBS

    The breakdown by the DMO reflected the debt of the State governments and FCT.

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    Police nab church member over kidnap of two Catholic Priests in Adamawa

    Police bust human trafficking syndicate, rescue 40 Ghanaians in Ondo 

    July 5, 2025
    Adeleke denies defection rumours

    Adeleke not defecting to APC, Osun PDP declares

    July 5, 2025
    Tiwa Savage marks 12 years of debut album ‘Once Upon a Time’

    Tiwa Savage marks 12 years of debut album ‘Once Upon a Time’

    July 5, 2025
    Nine-man PSG stun Bayern to reach Club World Cup semis

    Nine-man PSG stun Bayern to reach Club World Cup semis

    July 5, 2025
    NLC threatens to shut down Abuja after July 3 over unpaid wages

    NLC vows protest if NASS attempts to decentralise minimum wage

    July 5, 2025
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