Nigeria, Jan. 22 -- Nigeria's public debt climbed to N142.3 trillion by 30 September 2024, marking a 5.97 per cent rise (N8.02 trillion) from N134.3 trillion recorded in June 2024.

This was disclosed in the latest figures published by the Debt Management Office (DMO) on Tuesday.

The figure comprises N68.89 trillion in external debt and N73.4 trillion in domestic debt.

In dollar terms, the figure saw a slight increase of 0.29 per cent, rising from $42.90 billion in June to $43.03 billion by September.

However, in naira terms, the external debt climbed sharply by 9.22 per cent, jumping from N63.07 trillion to N68.89 trillion over the same period.

This significant rise in naira value may be attributed to the local currency's depreciatio...