Leadership
28 October 2011
The Senate yesterday disclosed that Nigeria ' s total debt now stands at a whopping US$39.72 billion (N6.02 trillion of which external and domestic debts are US$5.398 billion and N5.210 trillion respectively) barely five years after the full repayment of the country' s foreign debt. These figures were disclosed at the inauguration of Senate Committee on Foreign and Local Debts by its Chairman, Senator Ehigie Uzamere (ACN, Edo ).
The Senator said: "This amount is unsettling and called for concern".
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