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Nigeria’s Debt Per Capita Hits ₦619,501 as Total Public Debt Rises to ₦134 Trillion
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.
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.
A viral clip has made its way online showing a police officer in Delta State shooting a suspect who had already been restrained.
It can be noted that the suspect was pleading, claiming he had been framed and deceived, and said he would lead them to the right place.
However, while he was pleading, the police officer shot him. The officer later stated that the suspect was armed with a gun.
It was later revealed that the police officer has been arrested, as it is against the law to shoot a restrained suspect.
It was reported by the Kogi State Government that 24 children were abducted from an orphanage home. It was shared that this happened on the 26th of April, Sunday, and gunmen were seen in the area that day.
The information was shared by the Commissioner of Information, Kingsley Fanwo, who shared this sad news and described it as unfortunate.
“We condemn in strong terms the abduction of innocent children from an orphanage, the government is working closely with security operatives to ensure their safe return,”
Ghanaian media personality Afia Schwarzenegger speaks on the xenophobia issues occurring around Africans in South Africa.
She stated that Ghana is not the same as Nigeria and shared that if such issues happen to Ghanaians in South Africa, they will speak up and not keep quiet. She added that they will react.
“Ghana is not like Nigeria and we won’t hesitate to return the stupid favour.”
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