Tag Archives: owes

A data review for the second quarter debt portfolio of the country released by the National Bureau of Statistics (NBS) has shown that the debt owed by every Nigerian on the average stood at N619,501.   According to the data published by the Debt Management Office, Nigeria’s public debt stood at N134.297 trillion as of the second quarter of 2024 (June, …

Former Nigerian President, Olusegun Obasanjo has lamented the size of debt being owed by the country, years after he left office in 2007. Obasanjo said he left Nigeria with about $70 billion, including a $45 billion reserve and $25 billion in a designated “excess crude” account. “I came in 1999 and met $3.7 billion in the reserve. And I have …