Nigeria’s public debt could rise to N72 trillion, from the N44 trillion reported as of September 2022, the Debt Management Office (DMO) has disclosed. According to the Director-General of the debt office,
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The Federal Government is owed N5.2 trillion in debts by over 5,000 companies and individuals who have refused to meet their debt obligations. Director of Special Projects in the Federal Ministry of
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The Debt Management Office (DMO) has advised President Muhammadu Buhari’s administration to focus on increasing revenue rather than piling up debt that has risen to N42.84 trillion ($103.31 billion) at the end
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Nigeria is losing investors to G-7 securities – United States, Germany, France, Japan – as creditors avoid underdeveloped and developing countries to protect their investment. According to Director-General of the Debt Management Office
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The Debt Management Office (DMO) has refuted claims that Nigeria plans to restructure its debt, stating that the Finance Minister of the country, Zainab Ahmed, was misquoted. Bloomberg had reported that Ahmed
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The Director- General of Debt Management Office (DMO), Patience Oniha, has defended Nigerian government’s debt during a presentation at the Executive Course on Budgeting and Fiscal Transparency, in Abuja. Oniha said loans obtained
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The total debt stocks of the Federal Government of Nigeria, the 36 state governments and the Federal Capital Territory increased by N3.28 trillion in the first six months of this year. According
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In a bid to reduce the debt profile of Nigeria, the Director-General of the Debt Management Office (DMO), Patience Oniha, has urged the National Assembly to scrutinise the budget of the Federal Government.
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The Debt Management Office (DMO) said petrol subsidy is reducing Nigeria’s revenue and increasing Nigeria’s debt, which rose from N39.56 trillion recorded at the end of December 2021, to N41.6 trillion at
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The 36 states in Nigeria, including the federal capital territory, Abuja, have a domestic debt profile of N4.84 trillion as at the end of first quarter 2022, rising from the N4.46 trillion
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