The amount owed by each Nigerian has increased every year, from N45,173 at the beginning of 2013 to N191,889 at the beginning of this year (2022)
As Nigerians felicitated with one another on January 1, 2022, and celebrated the new year, each person owed N191,889.55 as their share of the country’s debt. It is the most each Nigerian would owe as a function of debt per capita (or debt per person) in 10 years.
From N45,173 owed by each Niger
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Caleb Ojewale
Caleb Ojewale is an Assistant Editor at BusinessDay Newspaper in Nigeria, where he also heads Industry and Real Sector, supervising all associated beats/desks.
He is concurrently Editor for Features, Interviews, and the Newspaper's Backpage (Monday to Thursday). He has also been OP-ED Editor and a member of the Editorial Board.
A well rounded business journalist; he is a recipient of multiple local and international journalism awards.
Caleb is a fellow of the University of Oxford and OKP and has bachelor’s and Master's degrees in communication from Lagos State University and the University of Lagos, respectively.
