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Nigeria’s total debt rises to N33.1tn in three months

by Kunle Awosiyan
Muhammadu Buhari

Nigeria’s total debt stock rose by N191bn in the first quarter of 2021 according to the figures released by the debt management office.

Total public debt stock, which comprises of the federal government of Nigeria, Federal capital Territory and the 36 state governments stood at N33.107tn or $87.239bn.

An added analysis of the public debt stock showed that the domestic debt grew by 2.11 percent from N20.1tn in December 2020 to N20.637tn as of the end of March 31st 2021

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