Nigeria’s public debt climbed to N149.4 trillion ($97.2 billion) in the first quarter of the year, up from N144.7 trillion ($94.2 billion) three months prior, data from the statistics office on Friday showed.
The 3.2 per cent rise derived strength from local borrowing, which grew to N78.8 trillion as the government took on more naira-denominated debt during the review period.
That drove local debt’s share of Nigeria’s entire public debt to 52.7 per cent, compared to…
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