According to data obtained from DMO, $27.66 billion (N9.9 trillion) is the total external debt.
Nigeria’s currency, the naira, is presently experiencing more pressures than ever before, based on negative macro fundamentals
The vultures of finance at the center point of the COVID-19 pandemic causing significant economic damage around the world.
A very key metric everyone needs to pay attention to is the revenue to debt service ratio.
All the 36 states of the federation contravened the guidelines of the DMO by contracting debts exceeding their 12-month revenues.