- The naira devaluation has increased Nigeria’s external debt by about N30.03 trillion between 2023 and June 2024
- Data from the Debt Management Office (DMO) shows that as of June 1, last year, Nigeria’s external debt was $43.16 billion
- Due to the naira crash, Nigeria’s external debt, which was reduced to $42.90 billion, now equals N63.07 trillion in naira terms
Legit.ng’s Pascal Oparada has reported on tech, energy, stocks, investment and the economy for over a decade.
The naira devaluation has increased Nigeria’s external debt by about N30.03 trillion between 2023 and June 2024, which is considered in naira terms.
