Nigeria’s debt profile rose by 2.3% to $81.27 billion (N24.947 trillion) as at July 2019, according to the Debt Management Office (DMO) data seen by Business Insider SSA.
Meaning in the population of about 200million Nigerians. Everyone in Nigeria is #125,000,000.
In its Q1 public data report released on Wednesday, the Debt Management Office said the figure represents N560 billion increase in the total public debt from $79.437 billion recorded in December 2018.
According to the DMO, domestic debt recorded N458.363 billion increase across federal, states and federal capital territory while external debt increased by N101.6 billion during the same period.
