Nigerian

newspapers on Wednesday, September 21, have focused on the country’s debt profile, President Muhammadu Buhari’s participation at 71st Session of the UN General Assembly, Supreme Court’s verdict on Kogi governorship election, amongst other trending stories.

According to a report on The Punch, Nigeria’s debt profile has risen to N16.29tn, the Debt Management Office has said.


Statistics obtained from the DMO on Tuesday, September 20, showed that the country’s total debt liability had risen to N16.29tn as of June 30, 2016. As of June 2015, the country’s total debt stood at N12.12tn.

This means that within the one-year period (July 2015 to June 2016), the country’s total debt rose by N4.17tn, or 34.41%.

A breakdown of the country’s debt profile shows that external debt by the federal and state governments stood at $11.26bn or N3.19tn as of June 30, 2016. It was $10.32bn or N2.03tn by July last year.


But as Nigeria’s debt profile rises, President Muhammadu Buhari has made moves to ensure the nation’s doesn’t run into more debts, The Sun reports.For full details of the Economic recession issues, Central bank talks on forex,the outcome of 71st United Nation assembly.. Visit @

http://joshuawobilor..com.ng/2016/09/page-review-nigerias-debt-rises-by.html

Nooo PDP debt cos them must blame it on PDP