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Just In : Nigeria’s Public Debt Climbs to N24.4 Trillion-First Time In History



The Director General, Debt Management Office (DMO), Mrs Patience Oniha has revealed that Nigeria’s debt profile rises by 12.25 percent, from N21.72 trillion in 2017 to N24.37 trillion ($79.437 billion) in December 2018, attributed to budget deficit financing and issuance of promissory note.

The DMO DG who made this known at a press conference in Abuja yesterday, disclosed that the Federal Government’s debts accounted for 78 per cent of the figure, while states and the FCT accounted for 22per cent, a combination of both domestic and external loans.

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Eucharia WilliamsK ASp HaywardIyobo FestusWilliams Obayangbons Recent comment authors
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johnbull odigie
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johnbull odigie

Sold The country Nigeria To China,Foolish People Call Buhari and Is Minister and The Senator,All Them Know Is Stealing Public Money,Nigeria As A country is not Producing anything.,Shame Upon Buhari.

K A
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K A

What u get when u vote in a clueless, incompetent, nepotistic, anti business regime!

Sp Hayward
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Sp Hayward

Nonsense people

Iyobo Festus
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Iyobo Festus

Shameless government , look at other countries are well positions

Williams Obayangbons
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Williams Obayangbons

Experience goverment , Nigeria youth at home now you can see how experience goverment cause be

Bernard Schalk
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Bernard Schalk

Thank God we voted them out.

nze collins
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nze collins

Next level.

Haso Maso
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Haso Maso

PDP ARMERICA HAVE 21 TRILLIONS IN DOLLARS AS DEBT SO WHAT? SO PDP LOOTERS CAN YOU CONVERT THAT TO NARIA

DEE JAY DARMIX
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DEE JAY DARMIX

of coause wat do u expect, wen an illetrate rules ova d affairs of a nation, such nation is bond to live in debt🚶🚶🚶🚶🚶

AHMAD YUSUF
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AHMAD YUSUF

Who did this to us !!!!!

Nelson Osahon
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Nelson Osahon

Una wan kill this country…. Our fore fathers and ancestors will ask you people, as una nor dey fear God. Nothing to show for this debt been accumulated

Eucharia Williams
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Eucharia Williams

OMG. They have finally sold Nigeria.