Nigeria’s Total Debt Profile Rise To N41.60trn

The Director-General of the Debt Management Office, Mrs Patience Oniha confirmed that Nigeria’s total debt profile as of March 2022 stood at N41.60 trillion. <br />She attributed Nigeria’s high debt profile to the shortfall in revenues and the deficit in the annual budget as approved by the National Assembly. <br />She says the country has been running a deficit budget for many years and until the issues of personnel, overhead and capital expenditure are properly addressed in the budget, borrowing would not stop.