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The Debt Management Office, DMO, has revealed that Nigeria’s total public debt stock increased to N39.56tn in 2021 from N32.92tn in 2020.
Director-General of DMO, Patience Oniha, who disclosed this in Abuja, said the total debt includes new borrowings by the Federal Government and the sub-nationals.
She added that the amount helped in financing the budget deficit, capital projects and support economic recovery.
