Nigeria’s debt hits N42.8trillion

Nigeria’s total public debt stock rose from N41.60trillion in March to N42.84trillion in June, 2022.

According to the Director-General of the Debt Management Office, Patience Oniha, the total debt represents the domestic and external debt stocks of the Federal Government, the 36 State Governments and the Federal Capital Territory.

Oniha noted that more than 58 per cent of the external debt stocks are concessional and semi-concessional loans.