L
LequteMan
Guest
According to recent figures from the Debt Management Office, Nigeria’s total debt profile as at December 2015 is $65.4 billion or N12.6 trillion or 12.6% of GDP.
This is N1.4 trillion higher than the N11.2 trillion balance as at December 2014. The breakdown of the debts are as follows;
The Financial Times on Monday reported that Nigeria was set to borrow about $3.5 billion in external financing to help funds its budget. Another N984 billion is expected to be borrowed locally. If their funding plans materialize, Nigeria’s debt portfolio could rise to about $72 billion by the end of 2016.
This is N1.4 trillion higher than the N11.2 trillion balance as at December 2014. The breakdown of the debts are as follows;
The Financial Times on Monday reported that Nigeria was set to borrow about $3.5 billion in external financing to help funds its budget. Another N984 billion is expected to be borrowed locally. If their funding plans materialize, Nigeria’s debt portfolio could rise to about $72 billion by the end of 2016.
