Vunderkind
Social Member
Vanguard has written an analysis showing the huge debts that would be waiting for General Muhammadu Buhari and the newly-elected governors after they take over administration.
The Debt Management Office (DMO) says that the FG of Nigeria currently owes $6.445 billion in external debt (that is, N1.29 trillion, at the rate of one dollar to 200 naira) and another N7.9 trillion domestic debts. This puts total national debt at N9.19 trillion as at December 31, 2014.
That is about the sum of two years' budget.
Click here to read more
Source: #Vanguard
The Debt Management Office (DMO) says that the FG of Nigeria currently owes $6.445 billion in external debt (that is, N1.29 trillion, at the rate of one dollar to 200 naira) and another N7.9 trillion domestic debts. This puts total national debt at N9.19 trillion as at December 31, 2014.
That is about the sum of two years' budget.
Click here to read more
Source: #Vanguard
