Browsing: National Debt Crisis

A new report from the National Bureau of Statistics (NBS) has revealed that Nigeria’s national debt continues to grow at an alarming rate, with the average debt owed by each citizen now standing at N619,501. According to the second-quarter debt data released by the Debt Management Office (DMO), Nigeria’s total public debt reached N134.297 trillion as of June 2024, marking a significant rise from previous figures.