Public Debt Stock Increases to N39.56tn

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.