Nigeria’s public debt stock increased from N49.85 trillion ($108.30 billion) in the first quarter of 2023 to N87.38 trillion ($113.42 billion) in the second quarter of 2023.
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A statement obtained from DMO’s website says that the total public debt stock consisted of the debt stock of the Federal Government of Nigeria (FGN), 36 state governments and the Federal Capital Territory (FCT).
The Federal Executive Council, at its meeting on Wednesday in Abuja, approved the strategy document to help address the structure of the country debts