Nigeria’s debt-to-GDP ratio increases to 55% as of June 2024, up from 42.4% in December 2023. This significant rise is reported by the Debt Management Office (DMO), indicating that the country’s external debt now stands at $42.9 billion, while domestic debt has surged to N71.2 trillion. The rise in public debt is driven by factors … Continue reading Nigeria’s Debt-to-GDP Ratio Climbs To 55% By Mid-2024 As FG Plans New N9 Trillion Borrowing