Nigeria's debt rises by N1.31tn in one year – DMO

Nigeria's debt burden rose by N1.31tn in one year, the Debt Management Office (DMO) has said.

Official statistics released by the DMO in Abuja on Wednesday showed that the country's total debt rose from N11.24tn as of December 31, 2014 to N12.6tn at the end of 2015.

The N1.31tn increase showed that within a period of one year, the country's debt rose by 12.1 per cent.