The Debt Management Office (DMO) has revealed that the Nigerian government borrowed N4.365 trillion in 2017, bringing the country’s total debt stock to N21.725 trillion.
The Director General of the DMO, Patience Oniha, stated this on Wednesday, March 13, during a press conference in Abuja.
Oniha said the federal government is planning to reduce domestic debt to 60 percent to the total debt stock from the present 73 percent.
She added that the new debt stock represents 18.20 per cent