Home Economy Nigeria’s total debt stock as at December 2021 stood at N39.556 trillion.

Nigeria’s total debt stock as at December 2021 stood at N39.556 trillion.

Director General of the Debt Management Office (DMO) Ms. Patience Oniha made the disclosure at a media interaction on Nigeria’s debt levels at the end of 2021.

Oniha said other arms of government are also responsible for Nigeria’s growing debt.
According to her: “It is not only the President and the Minister of Finance that endorse borrowing. The National Assembly passes the budget which contains how much will be borrowed after dudget defence and public hearings”.


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