Nigeria’s External Debt Projected To Hit $45.1 Billion In 2024 As FG Approves $2.2 Billion Borrowing Plan

Nigeria’s External Debt Projected To Hit $45.1 Billion In 2024 As FG Approves $2.2 Billion Borrowing Plan …C0NTINUE READING HERE >>>

Nigeria’s external debt stock is projected to rise to $45.1bn by the end of 2024 as the Federal Government seeks additional funding to bolster the economy, according to the Debt Management Office (DMO).

The DMO revealed in its latest report that the country’s external debt increased by $780m in the second quarter of 2024, climbing from $42.12bn in March to $42.9bn in June.

In a new development, the Federal Executive Council (FEC) last Thursday approved a $2.2bn external borrowing…

>