RipplesMetrics: N142TN Debt Explained – Nigeria’s Government Has Borrowed N656,614 for Every Citizen in a 216 Million Population
Nigeria’s public debt reached N142.3 trillion as of September 30, 2024, marking an increase of N8.02 trillion from the previous quarter. The Debt Management Office (DMO) attributed the 5.97% rise to the Naira’s depreciation, which has escalated the cost of external debt obligations. External debt now stands at N68.88 trillion (48.4% of total debt), a…
