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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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    World's richest man Elon Musk bought a 9.2% stake in Twitter

    Elon Musk creates new US political party

    July 6, 2025
    Colombian police have apprehended the alleged mastermind behind the assassination attempt on a presidential candidate during a rally last month.

    Police arrest key suspect in shooting of Colombia senator

    July 6, 2025
    Police rescue abducted Benue Links passengers

    Police arrest Osun imam for raping eight-year-old girl

    July 6, 2025
    2027: 'Join ADC,' PDP chieftain urges party members

    2027: ‘Join ADC,’ PDP chieftain urges party members

    July 6, 2025
    David Mark warns FG, Benue killings may force citizens to self-defence

    David Mark major cause of PDP crisis – Bode George

    July 6, 2025
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