Nigeria’s total debt stock rises 75%, hits N87.38trn in Q2’23

DMO recommends efficient tax administration to tackle Nigeria’s debt burden

Nigeria’s debt stock, comprising the domestic and external debt stocks of the federal government,sub-national governments and the Federal Capital Territory, rose to N87.38 trillion at the end of the second quarter of 2023, according to a latest report by the Debt Management Office (DMO). The figure represents a 75.29 per cent or N37.53 trillion  increase […]