The administration of President Muhammadu Buhari increased Nigeria’s debt burden to N33.1 trillion in less than six years, according to the Debt Management Office (DMO).
The figure, released by the Debt Management Office (DMO), includes local and external debt of the federal, state governments and the Federal Capital Territory as at March 31, 2021.
Between July 2015 and December 2020, Nigeria’s debt rose by approximately N20.8 trillion, according to the DMO.
Buhari assumed leadership of the country on May 29, 2015.
A statement issued on the DMO’s website dated June 9 read, “The…
