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FG: Nigeria not in trouble despite owing $83bn

PublishedBy: in Nigeria NewsJanuary 3, 2020


The Nigerian government has declared that the country’s debt stock was being misrepresented by those he described as scaremongers.

According to the FG, the total public debt stock of the nation is $83 billion.

This was disclosed by the minister of information and culture, Lai Mohammed, while addressing a press conference on Monday, December 30, in Ikeja, Lagos state.

Channels TV reports that Mohammed said Nigeria is not in debt trouble as being circulated, as the nation is within a reasonable debt to its Gross Domestic Product (GDP) ratio.

Going further, the minister also explained that the debt was an accumulation of successive government activities. He added that the economic state of the country was good.

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