Tag Archive: unsustenable

Federal & State Governments Incessant Debt Accumulation.

Nigeria is on a forward match to debt trap. Incessant urge by the federal and state governments to borrow is alarming. As of June 30, 2019, Nigeria debt stood at 25.70 Trillion Naira ($83.88 billion) according to the Debt Management Office of Nigeria. External portion of the debt stands at $27.16 billion while domestic portion …

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