The Debt Management Office recently indicated on its website that Nigeria’s total debt is currently about N7.93tn ($50.92bn). Domestic debt accounts for almost $44bn, while external debt just falls short of US$7bn. Thus, our consolidated national debt may currently exceed N13tn (i.e. about $80bn!), if the Asset Management Corporation of Nigeria’ s proxy debt of...
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Added November 24, 2013
from The Punch News