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Nigeria Debts Will Hit N38.68Trillion In 2021 — Finance Minister

The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said the total public debts of Nigeria would hit N38trillion by December 2021.

Speaking on Tuesday, November 3, in Abuja, the minister said: “The total public debt stock comprising the External and Homes debts of the Federal and state governments and the Federal Capital Territory stood at N31.01trn (USD85.90 billion) as at June 30, 2020.

It is projected, based on existing approval, to rise to N32.51 trillion by December 31, 2020 and N38.68 trillion by December 31,2021.”

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