The Minister of Finance, Budget and National Planning, Zainab Ahmed, has revealed that Nigeria will borrow N6.17tn next year and will have a total public debt burden of N38tn by December 2021. The Minister said this on Tuesday in her presentation to the Senate Committee on Local and Foreign Debts. The Minister stated that the total public debt stock comprising the external and home debts of the federal and state governments and the Federal Capital Territory stood at N31.01tn ($85.90bn) as of June 30, 2020. According to her, the debt…
Read MoreMINISTER OF FINANCE SHOCKER: NIGERIA WILL BORROW N6.17 TRILLION IN 2021
