Nigeria’s Debt Skyrockets To N42.84trn

Nigeria’s public debt stock has increased from N35.46 trillion (86.57 billion dollars) in the second quarter of 2021 to N42.84 trillion (103.31 billion dollars) in the corresponding period of 2022,according to National Bureau of Statistics (NBS) Nigerian Domestic and Foreign Debt Report released in Abuja on Wednesday. The agency stated that external debt stood at N13.71 trillion (33.46 billion dollars) in the second quarter of 2021 and increased to N16.61 trillion (40.06 billion dollars) in the second quarter of 2022. It also stated that domestic debt was N21.75 trillion (53.10…

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