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More loans sinking Nigeria, N Assembly should urgently fix economy | The Guardian Nigeria News - Nigeria and World NewsNigeria — The Guardian Nigeria News – Nigeria and World News
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Nigeria s external debt grows by 411% in 8 years — ActionAid
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ActionAid, stakeholders express worry over unstable levels of borrowing, rising national debt profile
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By Gabriel Ewepu – Abuja
A non-profit making organisation, ActionAid Nigeria, AAN, and stakeholders, Friday, expressed worry over unstable levels of borrowings and rising national debt profile under the Buhari-led administration and poverty increasing daily.
The Country Director, ActionAid Nigeria, Ene Obi, in an address of welcome expressed worry over upward trend nation’s debt profile has assumed as it keeps piling up and closing the fiscal space for effective delivery of public goods.
According to Ene, as at December 31st, 2020, data from the Debt Management Office (DMO) showed that the nation’s total debt stock stood at N32, 915,514.85t ($86,392.54 billion).