The Debt Management Office has disclosed Nigeria’s total debt stock has risen by 24.33 Trillion Naira in the first quarter of 2023 to 121.67 Trillion Naira from 97.34 Trillion Naira of December 2023.
The office in a statement on Thursday disclosed that the total public debt comprises of debt from the total domestic and external debts of the Federal Government, the thirty-six state governments, and the Federal Capital Territory (FCT).
It highlighted that excluding naira exchange rate movements in the first quarter of 2024, only the domestic debt component of total public debt grew from 59.12 Trillion Nairaon December 31st 2023, to 65.65 Trillion Naira on March 31st, 2024.
