Nigeria’s Debt Stock Hits N121 Trillion

The Debt Management Office (DMO) also gave reasons for Nigeria’s debt stock surge.

The Debt Management Office (DMO) says Nigeria’s total public debt stock hit N121.67 trillion (91.46 billion dollars) in March.

The Director-General of the DMO, Patience Oniha, said this in a statement on Friday in Abuja.

Ms Oniha said that the debt stock comprised the total external and domestic debts of the federal government, the 36 state governments, and the Federal Capital Territory (FCT).

According to her, as…