Connect with us

News

Nigeria’s Debt Per Capita Hits ₦619,501 as Total Public Debt Rises to ₦134 Trillion

Published

on


The National Bureau of Statistics (NBS) has reported that Nigeria’s debt per capita now stands at ₦619,501, following a review of the country’s debt portfolio for the second quarter of 2024.

The Debt Management Office (DMO) disclosed that Nigeria’s total public debt has surged to ₦134.297 trillion as of June 2024, marking an increase of ₦13 trillion from the previous quarter’s total of ₦121 trillion.

Based on Nigeria’s estimated population of 216.7 million, the debt per person averages ₦619,501. The DMO’s report breaks down the debt into domestic and external components: domestic debt stands at ₦71.2 trillion, while external debt totals ₦63 trillion.

Within the external debt figure, the federal government owes ₦55.8 trillion, and states owe ₦7.1 trillion.

Domestically, the federal government’s debt is significantly higher at ₦66.9 trillion, with states owing ₦4.2 trillion.

Advertisement

The rising debt has reignited discussions around Nigeria’s reliance on borrowing, with increased calls for the government to explore sustainable financing strategies to reduce the debt burden on citizens.


 

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Federal Government Releases Burial Details for Former President Muhammadu Buhari

Published

on


Federal Government releases further details for the burial of the Ex president, Muhammadu Buhari.

It was shared that the burial will occur on Wednesday 16th of July, 2025.

This information was revealed in an official statement released by presidential aide Sunday Dare on X platform.

The statement briefly states that a committee will be set for the burial to be done properly and for the events to be held. The Federal Government then makes a list of the ministers needed to join this committee to hold a successful burial ceremony for Buhari.


 

Advertisement
Continue Reading

News

Boko Haram Captivity: 12 & 13-Year-Old Boys Escape After 3 Years

Published

on


It has been reported that two boys, aged 12 and 13, escaped from Boko Haram captivity after three years. The two boys arrived at the police station at 5:30 pm on July 12, 2025.

They described their story and how they escaped to the police, giving insight into what happened to them over the past few years.

A security analyst who was present at the narration gave a brief summary of what had occurred to the boys, sharing that they were kidnapped alongside their parents. However, their captors relaxed their guard earlier due to the boys’ stature and weakness.

The boys revealed how they trained other captives for combat, but they were both assigned to service the firearms. They also revealed their escape plan, which they had devised 10 months ago, and then took advantage of an opportunity to escape.


 

Advertisement
Continue Reading

News

Donald Trump Calls Lionel Messi the Biggest Football Star on the Planet

Published

on

Photo source: Google

U.S. President Donald Trump has hailed Lionel Messi as the biggest football star in the world right now. Speaking after Chelsea’s dominant 3–0 win over PSG in the FIFA Club World Cup final on Sunday night, Trump praised the Argentine legend, calling him a global icon. While he still considers Brazilian legend Pelé the greatest of all time, Trump made it clear that Messi is the biggest name in football today.

He commended Major League Soccer for landing such a massive talent, saying, “Messi, yes, he’s a great star, probably the biggest soccer star on this planet. Our country is lucky to have him playing here every week.” Messi and his Inter Miami teammates took part in this year’s Club World Cup but were knocked out in the round of sixteen.


 

Continue Reading

Trending