The domestic debts owed by state governments and the Federal Capital Territory Administration rose to six point four three trillion naira at the end of 2021. Sub-national domestic debt stock was four point four six trillion naira while the sub-national external debt stock was one point nine seven trillion naira in 2021. Lagos, Ogun and Rivers became…
Nigeria’s debt has increased by two point three-eight trillion naira within three months, from April to June this year. The increase from twenty-eight point six trillion naira as at March 31 is partly due to a three-point three-six billion dollars loan from the International Monetary Fund. This was made known by the government’s Debt Management Office, which…