Nigeria’s debt profile goes from N27.4tn to N28.63tn

Nigeria’s debt profile

The Debt Management Office announced on July 2, that Nigeria’s debt profile has gone up to N28.63 trillion, punch reports. This was made known in a report released on Thursday night by the Debt Management Office.

According to the report, the Nigeria’s debt profile went from N27.4 trillion recorded in December 2019 to N28.63 trillion in March 2020.

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With the report released, the country’s public debt portfolio grew by N1.23 trillion within a space of three months.

The debt office also stated that the country’s domestic debt was N18.64 trillion, which represents 65.11 per cent of the Nigeria’s debt stock.

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