Nigeria’s total debt stock hits N24.9 trillion- DMO
Patience Oniha, DMO DG

Nigeria’s total debt stock hits N24.9 trillion- DMO

Nigeria’s total debt stock rose to N24.9 trillion as at the end March 2019. This is revealed in the latest statistics released on Wednesday by the Debt Management Office (DMO).

According to the latest data released by DMO, Nigeria’s total debt portfolio increased by 2.3% to hit N24.9 trillion as of March 31, 2019, compared to N24.3 trillion in December 2018.

Read Also: FG borrows N1.32trn in 6-month, hike public debt to N25.7trn

Meanwhile, the breakdown shows that total external debt is estimated at N7.8 trillion, constituting 31.5% of total debt, while the total domestic debt rose to N17 trillion or 68% of total debt stock within the quarter.

Nigeria’s total debt stock hits N24.9 trillion- DMO
Patience Oniha, DMO DG

Detail analysis later.

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