The Debt Management Office, DMO, has said as at June 30, Nigeria owes N25.7 trillion in debt both domestically and externally.
The News Agency of Nigeria reports that as at December 31, 2018, Nigeria’s total debt stock stood at N24.38 trillion.The DMO said that the current total debt stock comprised both the Federal Government debt, that of the 36 states and the Federal Capital Territory . Of the Federal Government debt, N7.01 trillion was categorized as external debt, while N13.412 trillion was categorized as domestic debt.
Giving details of the Federal Government’s domestic debt stock by instrument, the DMO said Bonds accounted for N9.691 trillion and Treasury Bills N2.651 trillion.
All thanks to Buhari and his Govt.
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