Nigeria's total public debt has reached approximately ₦159.28 trillion, marking a significant increase since President Bola Ahmed Tinubu took office in May 2023. This rise in debt levels has prompted discussions regarding the country's fiscal policies and economic management. The increase occurs in the context of the government's recent decision to eliminate the petrol subsidy regime, which was a key component of its economic strategy. Data from economic tracking reports and the Debt Management Office (DMO) have been used to compile these figures, highlighting the ongoing challenges in Nigeria's financial landscape.
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