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Nigerias public debt increases by N1.23trn in three months

Published by The Cable on Sat, 11 Jul 2020


Data made available by the National Bureau of Statistics (NBS) shows that Nigeria's public debt portfolio increased by N1.23 trillion between December 2019 and March 2020 to stand at N28.63 trillion.According to the bureau, the debt portfolio comprised of debts owed by the federal and state governments and represents a 4.48 percent increase from N27.40 trillion in the fourth quarter
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