Nigeria’s Public Debt Climbs by N2.04tn in Q1of 2022

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The Debt Management Office, DMO, has said Nigeria’s total public debt stock increased to N41.60trillion in the first quarter of 2022 from N39.56trillion as of December 2021.

According to DMO, this shows an increase of N2.04trillion within a period of three months.

It added that the public debt stock covers the total domestic and external debt of the Federal Government and state governments and the Federal Capital Territory.

Written by: Helen Obih

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