Federal Gov’t Borrows N18.65trn In 12 Months

Despite significant revenue accrual to the federation, available data show that the Nigerian government still borrowed N18.65 trillion in 12 months, equivalent to N1.55 trillion per month. Between June 2023 and June 2024, the government raised its total public debt from N87.38 trillion, representing $113.42 billion to N134.3 trillion — equivalent of $91.35 billion, a [...]

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