• Nigeria’s total debt stock is N16.3 trillion – Minister

    Nigeria’s total debt stock is N16.3 trillion – Minister

    Nigeria’s total national debt stock for both the Federal Government and the States stood at N16.3 trillion as at June 30, this year.

    The Minister of Budget and National Planning, Udoma Udo Udoma, who disclosed this said it is made of foreign liabilities of N3.2 trillion and domestic liabilities of N13.1 trillion.

    According to the Media Aide to the Minister, James Akpandem, it was necessary to correct a misconception carried in the media regarding the Minister’s response to the country’s debt status […]