Nigeria In One Minute
Buhari’s govt under attack over N2.2tn debt in one year
Civil rights groups on Friday berated the Muhammadu Buhari-led administration for incurring a N2.2tn domestic debt in the last one year.
The groups, in separate interviews on Friday with Saturday PUNCH, said that there were no visible impacts of the borrowed money on the country in the period.
The PUNCH had exclusively reported on Wednesday that statistics obtained from the Debt Management Office showed that the Federal Government’s domestic debt stood at N10.6tn as of June this year, up from N8.4tn a year ago.
According to the report, the country’s total debt liability rose to N16.29tn in June 2016 from N12.12tn in June 2015.
September 24, Punch
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