The debt ratio of Nigeria’s external debt stocks to imports, which stood at 22 percent in 2010, increased significantly to 169 percent in 2020, according to a new report by the World Bank.
Nigeria’s total debt stock rose by N24.33 trillion in the first quarter of 2023 to N121.67 trillion from N97.34 trillion as of December 2023, according to data from the Debt Management Office.
In a statement on Thursday, the office disclosed that the total public debt comprises debt from the to
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