From December 31, 2021, Naija total debt, wey include federal, states, and the Federal Capital Territory rise to N39.556 trillion.
Director-general of the Debt Management Office (DMO), Ms. Patience Oniha, yarn this on Thursday for media briefing for Abuja.
Oniha yarn say this na because of the continuous many years of borrowing.
Make Una read wetin im yarn
The new figure results in the nation’s debt to gross domestic product (GDP) rising to 22.47 percent.
Nigeria’s debt service to revenue is 33.4 percent. “debt is growing because we have huge infrastructure deficit and we have low revenue base.”
