Nigeria: Govt Still Owes $17 Billion After Paris Club Exit

Creditors wrote-off $18 billion, while Nigeria paid-off the balance of $12.1 billion to exit the club, but the federal government still faces a heavy debt burden of US$16,926.billion. The debt stock according to Debt Management Office, (DMO) data, comprised of an external debt figure of $4. 847 billion and a domestic component of $12. 078 billion, as at the end of June.