Nigeria’s External Debt Projected To Hit $45.1 Billion In 2024 As FG Approves $2.2 Billion Borrowing Plan

The DMO revealed in its latest report that the country’s external debt increased by $780m in the second quarter of 2024, climbing from $42.12bn in March to $42.9bn in June.

In a new development, the Federal Executive Council (FEC) last Thursday approved a $2.2bn external borrowing plan to finance the Federal Government’s 2024 Appropriation Act.