Nigeria’s total public debt stock surged to N144.67tn ($94.23bn) as of December 31, 2024, reflecting a 48.58 per cent increase from the N97.34tn ($108.23bn) recorded a year earlier, the Debt Management Office has revealed.
The DMO disclosed the figures in its latest report released on Friday, showing an alarming year-on-year growth of N47.32tn in the country’s debt profile, amid rising concerns over the sustainability of Nigeria’s borrowing strategy.