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Topic: Papa has a new bag of debts  (Read 1286 times)

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Papa has a new bag of debts
« on: August 03, 2015, 01:01:15 AM »
Papa has a new bag of debts

Unfortunately, the National Assembly in its self-serving wisdom ignored this faux pas, and it is doubtful if the banks ever repaid this loan. Nigeria’s external debt stock has alarmingly continued its unrestrained spiral and now exceeds $10.3bn as at 30th June 2015, while the outstanding Domestic stock has also risen to N8.4 Trillion; furthermore, the debt stock of state governments has also risen above $10bn to make up a consolidated outstanding National debt of almost $64bn.


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