Nigeria’s total public debt reached N87.91 trillion by the end of the third quarter of 2023, details from the Debt Management Office (DMO) have shown.
According to the statistics published on Wednesday, this marks a 0.61 per cent increase from the June 2023 figure of N87.38 trillion.
The latest debt statistics reveal the combined domestic and external debts of the federal government, the 36 states, and the Federal Capital Territory, equivalent to $114.35 billion as of 30 September.
The debt figure is attributed to a decrease in the nation’s external debt, dropping from $43.16 billion in June to $41.59 billion in September. However, there was a moderate increase of N1.80 trillion in domestic debt.
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Nigeria’s public debt hit N87 trillion in Q3 2023
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When money realizes that it is in good hands, it wants to stay and multiply in those hands 🤲💸💵💰
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Jared
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All is well ooo.
Financial Literacy is the possession of knowledge, skills and behavioral traits that help an individual make informed decisions regarding money. 💰
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Jared
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Not far from truth. It's generational debt, not generational wealth. Sad.
Financial Literacy is the possession of knowledge, skills and behavioral traits that help an individual make informed decisions regarding money. 💰
, I no fit talk self