Nigeria’s public debt to hit N38.68trn by 2021 – Finance Minister

FG spent N6.46trn on debt servicing

The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said Nigeria’s total public debt will hit N38 trillion by December 2021. Ahmed said this on Tuesday in her presentation to the Senate Committee on Local and Foreign Debts. The minister said, “The total public debt stock comprising the external and home debts of the federal and state governments and the Federal Capital Territory stood at N31.01 trillion ($85.90 billion) as of June 30, 2020. “It is projected, based on existing approval, to rise to N32.51trillion December 31, 2020…

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