Breaking news

Nigeria’s Debt Management Workplace on Tuesday, October 15, announced that the country’s public debt now stands at N25.7trn.

It was additional discovered the public debt improved by N3.32trn in one particular year as at the finish of June 2019.

The nation’s public debt which stood at N22.38trn as of June 2018, improved to N24.39trn in December 2018 and N24.95trn in March 2019.

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

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