₦airaland Forum

Nigeria’s public debt increased by 48.58 percent to N144.67 trillion as of December 2024 from N97.34 trillion recorded at the end of 2023.


Nigeria’s Debt Management Office disclosed this in its latest report on the country’s public debt profile.

Further analysis showed that Nigeria’s public debt surged by N47.32 trillion on a year-on-year basis.


The report also revealed a quarter-on-quarter rise of 1.65 percent from the N142.32 trillion recorded at the end of September 2024, which indicates that the country’s debt profile has been on a steady rise.

The rise in the debt profile of Africa’s most populous nation is mainly driven by external and domestic borrowing.

External debt rose by 83.89 percent to N70.29 trillion in December from 38.22 trillion in the same period in 2023.


Similarly, domestic debt rose by 25.77 percent to N74.38 trillion in December 2024 from 59.12 trillion at the end of December in 2023.

Accordingly, further breakdown of external debt shows that the federal government accounted for N62.92 trillion ($40.98 billion), while states and the FCT held N7.37 trillion ($4.80 billion).

In the domestic debt segment, the federal government held N70.41 trillion ($45.86 billion), with states and the FCT accounting for N3.97 trillion ($2.58 billion).


The increase in Nigeria’s debt profile has raised concerns among financial experts.

The Chief Executive Officer of the Centre for Promotion of Private Enterprises, Dr. Muda Yusuf, criticised the rising debt rise in Nigeria despite the huge infrastructural deficit.

Source: https://dailypost.ng/Nigerias-debt-rises-by-N47tn-to-hit-N144.67tn

How much debt have we serviced within that period?

There have been balanced between debt repayment and borrowing under this government

Holly Gram This government de borrow money like say na wer dem de sell pour water.

KUNTRY don hard pass HARD LIFE.

ASHAWO for hotel no de see customers again cus men de hustle night and day now to meet up expenses.

ASHAWO girl way i de NACK call me yesterday night. She say, even if na 1k make I bring come and NACK

Naso i off my WEED and carry my boxers for hand begging run TIKI TAKA

Kai. Naija which way..

LITE UP my WEED in peace

WTF MAN!

You can't run the country with propaganda

helinues:
How much debt have we serviced within that period?

There have been balanced between debt repayment and borrowing under this government

helinues:
How much debt have we serviced within that period?

There have been balanced between debt repayment and borrowing under this government

Can you stop writing trash

You have never made any sense in this forum for once

donmixc:
Can you stop writing trash

You have never made any sense in this forum for once

If that question is far above your knowledge, why not Waka pass and let those who can answer attend to it?

Boogyman557:
Holly Gram This government de borrow money like say na wer dem de sell pour water.

KUNTRY don hard pass HARD LIFE.

ASHAWO for hotel no de see customers again cus men de hustle night and day now to meet up expenses.

ASHAWO girl way i de NACK call me yesterday night. She say, even if na 1k make I bring come and NACK

Naso i off my WEED and carry my boxers for hand begging run TIKI TAKA

Kai. Naija which way..

LITE UP my WEED in peace

WTF MAN!

Yeeeee.......

helinues:
If that question is far above your knowledge, why not Waka pass and let those who can answer attend to it?

Na your own knowledge is passed


Stop running to the mods like a coward