Nigeria’s total public debt stock increased to N46.25 trillion or as of December 2022, according to the Debt Management Office.
According to the DMO, the new figure is made up of the domestic and external total debt stocks of the Federal Government and the sub-national governments.
The DMO stated that the comparative figure of public debt as of December 31, 2021, was N39.56 trillion.
This means that the country’s debt increased by N6.69trn within one year.
