Nigeria’s Promissory Notes Debt Rises To N1.65 Trillion, Up 114% Under Tinubu Administration

Nigeria’s Debt Management Office (DMO) reports a significant increase in the federal government’s Promissory Notes debt, which reaches N1.65 trillion as of June 2024. This figure represents a 6.5% rise from March 2024 and marks a staggering 114% increase since President Bola Tinubu assumed office. Promissory Notes, a form of debt where the government commits … Continue reading Nigeria’s Promissory Notes Debt Rises To N1.65 Trillion, Up 114% Under Tinubu Administration