Nigeria’s debt may jump by N6trn in 2021 to hit N38trn – Zainab Ahmed

Minister of finance, budget and national planning, Zainab Ahmed, has projected that Nigeria’s debt profile would hit N38.68 trillion by December 2021.

She made this projection during her appearance before the Senate committee on local and foreign debts on Tuesday. Ahmed estimated that both external and domestic debt would rise to N32.51 trillion by December 2020.

“The total public debt stock comprising the External and Homes debts of the Federal and state governments and the federal capital territory stood at N31.01 trillion (USD85.90 billion) as at June 30, 2020, ,” she said.