Nigeria’ s debt public debt hit a total of N31 . 01 tn at the end of June , the Debt Management Office announced on Wednesday .
This means that in the last five years under the President , Major General Muhammadu Buhari (retd . ), the country ’s debt rose by N18 . 89 tn .
As of the end of June 2015 , one month after the present regime came into power , the country ’s debt profile stood at N12 . 12 tn .
This means that within a period of five years , the nation’s debt profile rose by N18 . 89 tn .
It also means that the country ’s debt profile has risen by 155 . 86 per cent within the five – year period .
Nigeria’ s total public debt stock includes the debt stock of the Federal Government , the 36 states and the Federal Capital Territor