The Bola Ahmed Tinubu administration has borrowed N6.53tn between December 2023 and March 2024 including the securitasation of Ways and Means, according to data from the Debt Management Office (DMO).
The additional borrowing pushed the country’s total public debt to N121.67tn as of March 2024. This is asides the impact of the exchange rate difference resulting from naira devaluation.
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