Nigeria's debt per capita soars to ₦620,000 A new report by the National Bureau of Statistics (NBS) has revealed that the debt burden on every Nigerian has risen sharply, with the average debt per capita now standing at approximately ₦620,000. According to the Debt Management Office (DMO), Nigeria’s total public debt reached ₦134.297 trillion as of the second quarter of 2024. With Nigeria’s population estimated at 216.7 million, this translates to a debt burden of ₦619,501 for every Nigerian citizen, a figure that puts the country’s financial situation into stark perspective. This sum...