Wednesday, July 9, 2025
  • About
  • Advertise
  • Careers
  • Contact
The Reflector Newspaper
  • Home
  • News
  • Politics
  • Featured
  • Foreign News
  • Business
  • Opinions
  • Sport
  • Crime
  • Others
    • Education
    • Economy
    • Entertainment
    • Fashion & Style
    • Health
    • Interview
    • Love & Relationships
    • Technology
  • Login
No Result
View All Result
The Reflector Newspaper
Home Featured

Nigeria’s Public Debt Reaches N134.3 Trillion, Infrastructure Still Lacking

Racheal Oloyede by Racheal Oloyede
October 24, 2024
in Featured, News
1
Nigeria’s Public Debt Reaches N134.3 Trillion, Infrastructure Still Lacking
0
SHARES
10
VIEWS
Share on FacebookShare on TwitterShare on LinkedInShare on WhatsAppShare on TelegramSend to Email

 

Nigeria’s public debt profile under President Bola Ahmed Tinubu has increased to N134.3 trillion at the end of June 2024 amid an infrastructural deficit in the country.

Related posts

No Commissioner Was Arrested – Ebonyi Govt

Additional states in to address imbalance – Gov Nwifuru

July 9, 2025
Abia Monarch, Traditional Council Disagree Over Suspension

Abia Monarch, Traditional Council Disagree Over Suspension

July 9, 2025

This is according to a document from the Ministry of Finance, Nairametrics reports.

The figure is a 10.35 percent increase from the N121.7 trillion recorded in the first quarter.

The Nigerian government said the increase in the country’s debt stock is mainly driven by the devaluation of the naira, highlighting ongoing challenges related to exchange rate volatility.

The document read: “In Q2 2024, the debt stock grew in naira terms to N134.3 trillion ($91.3 billion) from N121.7 trillion ($91.5 billion) in Q1 2024, driven mainly by exchange rate devaluation. The dollar amount of debt was roughly the same.”

DAILY POST recalls that the Debt Management Office announced in June 2024 that Nigeria’s foreign and domestic debt stood at N121.67 trillion.

The development comes despite a growing infrastructural deficit across Nigeria, as citizens grapple with poor road networks.

Recall that economic experts had raised the alarm that the country’s persistently rising debt profile portends doom for Africa’s most populous country.

 

 

 

 

The Reflector Newspaper's newsletters cover a variety of topics, from daily news to lifestyle content, markets info to medical news. Subscribe to get the latest information.

Unsubscribe
Previous Post

Uju Kennedy-Ohanenye Breaks Her Silence Following Her Removal As Women Affairs Minister

Next Post

Senate To Review 7 Ministerial Nominees – Tinubu

Next Post
Tinubu Calls On NNPCL, Industry Stakeholders To Take Action On Fuel Availability, Pricing

Senate To Review 7 Ministerial Nominees - Tinubu

Comments 1

  1. Strands Hint says:
    9 months ago

    Strands Hint Pretty! This has been a really wonderful post. Many thanks for providing these details.

RECOMMENDED NEWS

Oyo Set To Enact Law Recognizing Alaafin As Permanent Chairman Of Obas’ Council

Reactions Trail Amendment Of Oyo Obas’ Chairmanship Position

2 months ago
Federal Government Suspends Dana Air Operations

Federal Government Suspends Dana Air Operations

1 year ago
Tinubu Actively Governing From Abroad, Will Return After Easter – Presidency

Tinubu Actively Governing From Abroad, Will Return After Easter – Presidency

3 months ago
BREAKING: Tinubu Declares JTF Commanders Conference 2025 Open

BREAKING: Tinubu Declares JTF Commanders Conference 2025 Open

5 months ago

FOLLOW US

BROWSE BY CATEGORIES

  • Business
  • Crime
  • Economy
  • Education
  • Entertainment
  • Fashion & Style
  • Featured
  • Foreign News
  • Health
  • Interview
  • Love & Relationships
  • News
  • Opinions
  • Politics
  • Sport
  • Technology
  • Uncategorized

BROWSE BY TOPICS

#EndBadGovernance protest 2027 Elections ADC Akpabio Alaafin Of Oyo APC Atiku Bola Tinubu Coalition Dangote Refinery Defection Donald Trump Economic and Financial Crimes Commission (EFCC) Economic Hardship EFCC Emergency Rule Federal Government of Nigeria Fubara Fuel Price Fuel Price Hike Gunmen INEC JAMB Natasha National Power Grid Nigerian National Petroleum Company Limited (NNPCL) Nigeria Police Force Nnamdi Kanu NNPC NNPCL PDP PDP Crisis Peter Obi Petrol Price President Ahmed Bola Tinubu Rivers Administrator Rivers Assembly Rivers Crisis Senate Sexual Harassment Tinubu UTME VeryDarkMan WAEC Wike

POPULAR NEWS

  • Congo’s President Daughter’s Bedroom Surfaces Online

    Congo’s President Daughter’s Bedroom Surfaces Online

    0 shares
    Share 0 Tweet 0
  • Economy Bleeds As Naira Hits Record Low With N72.58 Depreiciation Against Dollar

    0 shares
    Share 0 Tweet 0
  • Old Naira Notes Remain Valid – CBN

    0 shares
    Share 0 Tweet 0
  • Gospel Actress, Flora Of Abattoir Movie Series Is Dead

    0 shares
    Share 0 Tweet 0
  • JUST IN: FCT Minister Wike Leads Eid-El-Fitr Homage To President Tinubu Amid Death Rumors

    0 shares
    Share 0 Tweet 0
The Reflector Newspaper

Our mission at The Reflector Newspaper is to cultivate a dynamic digital space where truth, integrity, and diversity thrive.

Follow us on social media:

Recent News

  • Additional states in to address imbalance – Gov Nwifuru
  • Abia Monarch, Traditional Council Disagree Over Suspension
  • US Embassy Begins Screening Nigerian Students’ Social Media Accounts
  • Tinubu’s government cooking up lies against ADC to distract Nigerians – Atiku

Category

  • Business
  • Crime
  • Economy
  • Education
  • Entertainment
  • Fashion & Style
  • Featured
  • Foreign News
  • Health
  • Interview
  • Love & Relationships
  • News
  • Opinions
  • Politics
  • Sport
  • Technology
  • Uncategorized

Recent News

No Commissioner Was Arrested – Ebonyi Govt

Additional states in to address imbalance – Gov Nwifuru

July 9, 2025
Abia Monarch, Traditional Council Disagree Over Suspension

Abia Monarch, Traditional Council Disagree Over Suspension

July 9, 2025
  • About
  • Advertise
  • Careers
  • Contact

Copyright © 2024 The Reflector Newspaper. Website designed by Mavens Designs.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • Login
  • Home
  • News
  • Politics
  • Featured
  • Foreign News
  • Business
  • Opinions
  • Sport
  • Crime
  • Others
    • Education
    • Economy
    • Entertainment
    • Fashion & Style
    • Health
    • Interview
    • Love & Relationships
    • Technology

Copyright © 2024 The Reflector Newspaper. Website designed by Mavens Designs.

Verified by MonsterInsights