The federal government has revealed that the incoming administration will inherit about 77 Trillion Naira debt by the time President Muhammadu Buhari’s tenure ends in May 2023.
Director General of the Debt Management Office (DMO), Patience Oniha disclosed this during an interview with newsmen in Abuja, explaining that the federal government is planning to further borrow to finance its supplementary budget as well as the 2023 budget.
She however lamented that the President Buhari also informed the lawmakers that the government will take another one trillion naira loan from the Central Bank of Nigeria (CBN).