As plenty Nigerians dey worry about di country rising debt, di economic hardship, and whether Nigeria dey borrow pass wetin e fit handle.

Di Minister of Finance and Coordinating Minister of di Economy, Taiwo Oyedele, don come out to clear di air about di numbers wey dey fly around.

Oyedele, wey speak yesterday during di economic review meeting wey Senate Committee on Finance organise, talk say di increase wey people dey see for Nigeria public debt stock don dey misunderstood well well.

E explain say big part of di rise na because of di revaluation of existing foreign currency debts, di official recognition of liabilities wey dem inherit, and oda accounting adjustments – not new borrowing.

But Oyedele talk say di figures wey people dey compare for public no dey tell di full story of how Nigeria debt position change.

E say, "When dis administration take over, public debt na around N75 trillion. Plenty people just dey compare di number before and di number now, con conclude say dis government don borrow plenty. Dat one no correct."

According to am, di increase for di debt stock no be just because of new borrowing by dis government.

E explain say more than N40 trillion add to Nigeria debt figure because of di depreciation of naira and di revaluation of di country foreign currency debts wey follow.

Oyedele, wey note say di foreign exchange part of Nigeria debt need to dey adjusted after di currency reforms, wey cause big increase for di reported debt figure, still talk about di securitisation of di ways and means advances wey di previous government take from Central Bank of Nigeria as anoda major reason why Nigeria official debt stock increase.