President Muhammadu Buhari has defended the rise in Nigeria’s debt profile under his administration, as he’s set to handover power to President-elect, Bola Tinubu, on Monday, May 29.
Nigeria’s debt hit about N70 trillion in 2023 due to the N22.7 trillion ways and means loan borrowed from the Central Bank of Nigeria (CBN), which was recently converted into bonds following the approval of the National Assembly.
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