DMO Clarifies Nigeria’s Public Debt At N87.38 Trillion, Not N21 Trillion

The Debt Management Office (DMO) clarifies Nigeria’s public debt, refuting reports that President Bola Ahmed Tinubu inherited a N21 trillion debt, which allegedly escalated to N142 trillion. In a statement issued on Monday, the DMO confirms that the actual public debt as of June 30, 2023—following President Tinubu’s assumption of office—stands at N87.38 trillion. The … Continue reading DMO Clarifies Nigeria’s Public Debt At N87.38 Trillion, Not N21 Trillion