State governors in Nigeria shared the sum of N2.53 trillion gross allocation in 2019 (January – November).
Nigeria's external debt serving has hit a new height in half-year 2019 as the latest figure obtained from the [@cenbank] shows that international payment in the form of debt servicing between January and June 2019 was estimated at N263.7 billion
While Nigeria’s debt profile hits a new high of N24.9 trillion in March 2019, state governors have parted with the sum of N33.9 billion referred to as external debt deductions in just one year.
According to data obtained from DMO, commercial loans gulps 58.99% of the $357.26m the Federal Government spent on debt servicing in 2019 Q1.
Nigeria’s total debt stock rose to N24.9 trillion or US$81.2 billion as of the end of March 2019. This is revealed in the latest report released by [@DMONigeria]
Once government debt reaches a certain size, it really drags on long-term economic growth. It can also drag on the creditworthiness of the government.
Nigerian total debt stock stood at $73.21 billion in Q2 2018.
Nigeria's external debt stock rose to $22.08bn as at Q2 2018.
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