Nigeria’s debt hit $113bn before Tinubu took Office — Reno Omokri claims

Reno Omokri, Nigeria’s ambassador-designate to Mexico and author, has stated that the country’s full nationalist indebtedness roseate to $113 cardinal earlier the inauguration of President Bola Tinubu connected May 29, 2023.

In a connection to DAILY POST addressing the ongoing statement implicit Nigeria’s indebtedness profile, Omokri challenged a caller fact-check study connected the figures inherited from erstwhile President Muhammadu Buhari.

He explained that the $108.29 cardinal fig referenced successful the study reflected Nigeria’s full nationalist indebtedness arsenic of March 31, 2023, based connected information released quarterly by the Debt Management Office (DMO).

According to him, the March 2023 information does not accurately correspond the indebtedness level inherited by Tinubu, arsenic the president assumed bureau astir 2 months later.

Omokri noted that the figures excluded loans obtained by the Buhari medication successful the 2nd 4th of 2023. He added that the information besides did not seizure the “ways and means” indebtedness reportedly identified aft the transition.

He maintained that Nigeria’s full indebtedness had risen to $113 cardinal by June 2023, citing a study by Dubawa, a fact-checking task of the Centre for Journalism Innovation and Development (CJID).

Quoting the report, Omokri said: “In the 2nd quarter, which marks the opening of President Bola Tinubu’s administration, the full indebtedness was N87 trillion ($113 billion).

“The full outer d...