Nigeria’s total public debt stock has increased from N28.628 trillion or $79.303 billion as at March 31, 2020 to N31.009 trillion or $85.897 billion by June 30, 2020,
The Debt Management Office (DMO) stated on Wednesday in its latest statistics.
The debt office attributed that the N2.381 trillion or $6.593 billion rise in the debt stock to the $3.36 billion was caused by the budget support loan from the International Monetary Fund (IMF), new domestic borrowing to finance the Revised 2020 Appropriation Act (including the issuance of the N162.557 billion Sukuk), as well as Promissory Notes issued to settle exporters’ claims.