Abuja - The nation’s domestic and foreign indebtedness has reportedly risen by $13.91bn in the last two years, Punch reports.
The country currently owes local and international creditors a total of $50.91bn (about N7.93tn), the Debt Management Office has said.
The external debt component comprises debts owed by both the Federal Government and the 36 states of the federation and the Federal Capital Territory.
Statistics obtained from the DMO website showed that as of June 30, 2013, the nation’s external debt stood at $6.92bn (about N1.08tn), while the domestic debt component stood at N6.85tn ($43.99bn).
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