Nigeria Borrowed N6.64tn, Serviced Debt With N2.93tn in 2021… DMO

THE Debt Management Office on Thursday said Nigeria’s total public debt stock increased to N39.56tn in 2021 from N32.92tn in 2020.

The Director-General, DMO, Patience Oniha, said this at a media briefing in Abuja.

According to her, the total debt includes new borrowings by the Federal Government and the sub-nationals.

She also said that the amount helped in financing the budget deficit, capital projects and support economic recovery

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