FG eyes $4.4bn new loans as debt hits N101tn

The Federal Government has borrowed a total of $4.95bn in loans from the World Bank in the past 12 months, pushing the total public debt to N101tn amidst worries about the increasing costs of servicing external debt. The nation’s public debt was put at approximately N97tn as of December 2023, according to the Debt Management Office

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