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Naira crash, domestic borrowing balloon Nigeria’s debt to N142.3trn in Q3 2024

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From Chinwendu Obienyi and Adanna Nnamani, Abuja

Nigeria’s total public debt surged to N142.3 trillion as of September 30, 2024, reflecting an increase of 5.97 per cent (N8.02 trillion) compared to N134.3 trillion recorded in June 2024.

The rise, according to the latest data from the Debt Management Office (DMO), highlights the growing strain on the nation’s finances, fueled by escalating…

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