The Director-General of the Debt Management Office (DMO), Patience Oniha, has clarified the recent rise in Nigeria’s public debt stock from N97.34 trillion in December 2023 to N121.67 trillion in March.
Ms Oniha explained that the increase is partly due to fluctuations in exchange rates and the securitization of N4.90 trillion in Ways and Means Advances approved by the National Assembly, along with other factors.