The Nigerian government is set to borrow N5.62 trillion to finance the deficits of the 2022 budget. As it stands, the Nigeria Public Debt Stock is N33.107 trillion that is about 87.239 billion dollars as of March 31, 2021.

The incessant borrowing from the current government had caused a major outcry amongst the citizenry as it raises doubts on the long term financial stability capabilities of the Nation.


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