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N22.7 trillion public debt: Nigeria’s ticking time bomb

N22.7 trillion public debt: Nigeria’s ticking time bomb

Nigeria’s domestic and foreign debts stood at N22.7 trillion in March, according to the Debt Management Office (DMO). A large part of the debt was used to fund budgets and capital projects. COLLINS NWEZE writes that rising public debts remain a concern, and borrowing should be project-based, with funds deployed to revenue generating ones forRead More
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Public debt: Experts outraged by 150 percent rise

Public debt: Experts outraged by 150 percent rise

Notable Economists and leading investment experts, yesterday, in Abuja, expressed anger and bitterness over the county’s rising public debt, saying that the situation could lead the country back into a vicious cycle of debt overhang. The Debt Management Office (DMO) had, in a report, indicated that the country’s public indebtedness has jumped from N6.537tr in […] …

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