The administration of President Goodluck Jonathan has incurred N5.04tn in domestic debt, according to the Debt Management Office (DMO).
President’s administration incurs N5tn domestic debt
As of March 31, 2010, Nigeria’s domestic debt was N3,466,360,000,000 (N3.47tn), according to the Debt Management Office (DMO).
Director General of Nigeria's Debt Management Office, Abraham Nwankwo.
As of March 31, 2010, Nigeria’s domestic debt was N3,466,360,000,000 (N3.47tn).
However, the debt statistics as at March 31, 2015 show that the domestic debt has risen to N8,507,545,474,000 (N8.51tn).
The figure represents a 157.48 per cent increase in the Federal Government’s domestic debt between 2010 and 2015.
ADVERTISEMENT
The DMO statistics also showed that the domestic debts of the states grew by 116.83 per cent within the same period.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
Hajj Commission thanks 'Christian Uzodinma' for being its pillar of support
Why our plane made emergency landing at Lagos airport, Air Peace clarifies
Over 75% of Katsina children are multidimensionally poor – UNICEF
PDP unveils 200-member campaign council for Ighodalo's guber election in Edo
Tinubu approves resumption of repair work on Third Mainland Bridge
Ondo Poll: Ganduje consoles Jimoh Ibrahim after crushing defeat in APC primary
FG to review recent price hike of DStv, GOtv packages amid public outcry
BREAKING: FG grants Air Peace right to commence Abuja-London flights - Keyamo
Deputy who dumped Akeredolu clinches PDP governorship ticket
ADVERTISEMENT