WRITTEN BY: CHIOMA MADONNA NDUKWU
The Nigerian public debt has risen by 0.61% to reach N87.91 trillion ($114.35 billion) by the end of September.
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The Debt Management Office (DMO) reported a marginal increase from June, citing a decrease in external debt but a moderate rise in domestic debt.
The federal government holds a significant portion of this debt at N50.196 trillion. Despite the increase, the agency emphasized the government’s commitment to servicing these debts, highlighting payments made during the period, including a $500 million Eurobond redemption and IMF loan repayment.
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