Nigeria’s debt hits ₦134 trillion by mid-2024, driven by the effects of the currency's devaluation

Nigeria’s public debt decreased in dollar terms between June 2023 and June 2024. However, when converted to naira, it jumped to ₦134.3 trillion, largely due to currency devaluation. This sharp increase in debt could lead to tighter budgets, potentially affecting public services and everyday costs for Nigerians.

Source:
Debt Management Office
Period:
2013 - 2023
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