Federal government puts debt stock at 83 billion dollars

The federal government has put the total public debt stock of the nation at 83 billion dollars.

Minister of information and culture, Lai Mohammed, made the disclosure while addressing newsmen Lagos state.

He said Nigeria is not in debt trouble as being circulated as the nation is within a reasonable debt to its Gross Domestic Product, GDP, ratio.

The minister noted that the debt was an accumulation of successive government activities.

He said the economy has grown in the year 2019 under review, adding that the oil and non-oil sectors performed better than they did in 2018.