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Debt Management Office

Debt Decline: Numbers Look Good, But At What Cost?

July 13, 2025

Nigeria’s promissory notes debt fell by 15.6 per cent quarter on quarter between December 2024 and March 2025, dropping from N1.542 trillion to N1.301 trillion, according to the Debt Management Office (DMO).

Business News

Nigeria Begins Another Round Of Bond Sales, Offers Attractive Interest Rates

June 3, 2025

The Debt Management Office (DMO) has begun another round of subscription for the Federal Government of Nigeria (FGN) Savings Bonds, offering attractive interest rates to retail investors for the month of June.

Business News·News

DMO Unveils Nigeria’s $2 Billion External Borrowing Plan Amid Market Uncertainty

September 29, 2023

In a revealing fireside chat at the 2023 Annual Business Summit of the Capital Market Solicitors Association (CMSA), the Director General of the Debt Management Office (DMO) in Nigeria, Ms. Patience Oniha,

Business News

DMO Boss Blames Buhari, Former Presidents For Increase In Budget Deficits

May 15, 2023

The Debt Management Office (DMO) said Nigeria’s rising debt profile is due to the increase in the government’s budget deficits and inability to grow revenue. According to the Director-General of DMO, Patience

Business News

Fear Of Nigeria Losing Infrastructure To China Over Debt Forces DMO To React

April 20, 2023

The Debt Management Office (DMO) has reacted to claims that Nigeria has been unable to meet its debt obligations to the Chinese government. DMO said reports circulated that the Federal Government defaulted

Business News

DMO Blames FG’s Numerous Promissory Notes For Nigeria’s Rising Debt

April 6, 2023

The Director-General of the Debt Management Office (DMO), Patience Oniha, has blamed budget deficits and numerous promissory notes as reasons for the rising debt of the Nigerian government. Oniha said despite not

Breakdown Of How Nigeria’s Debt Will Rise Over N70 billion In June

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Breakdown Of How Nigeria’s Debt Will Rise Over N70 trillion In June

January 5, 2023

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,

Buhari's 8years in Office: No Better Way To Squander Goodwill

Business News

5,000 Entities Owe Buhari Govt N5.2 trillion

December 15, 2022

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

Stop Increasing Debt – Nigeria's Debt Office Says To Pres. Buhari

Business News·News·Top Stories

Stop Increasing Debt – Nigeria’s Debt Office Says To Buhari

November 18, 2022

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

FG Struggling To Borrow, As Foreign Investors Prefer US, Germany, Others

Business News

Nigerian Govt Struggles To Borrow, As Foreign Investors Prefer US, Germany, Others

November 17, 2022

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

Business News

DMO Denies Buhari Seeking Debt Restructuring, As Claim Threatens Foreign Investors’ Confidence

October 14, 2022

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

Business News

Nigeria’s Debt Office Defends Rising Debt Under Pres. Buhari

September 28, 2022

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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Business News

Nigerian Gov’t’s Debt Rises By N3.28 trillion In Six Months

September 20, 2022

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

Business News

DMO DG, Patience Oniha, Tackles FG’s Budget Deficit, Ask NASS To Scrutinise It

September 2, 2022

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.

Business News·Finance & Economy·News

4 Reasons Buhari Depends On Loans – Nigeria’s Debt Office

August 25, 2022

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

Business News

Top Five Nigerian States With Highest Domestic Debt

June 14, 2022

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

Business News·Insights

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Debt Management Office

Debt Decline: Numbers Look Good, But At What Cost?

Nigeria Begins Another Round Of Bond Sales, Offers Attractive Interest Rates

DMO Unveils Nigeria’s $2 Billion External Borrowing Plan Amid Market Uncertainty

DMO Boss Blames Buhari, Former Presidents For Increase In Budget Deficits

Fear Of Nigeria Losing Infrastructure To China Over Debt Forces DMO To React

DMO Blames FG’s Numerous Promissory Notes For Nigeria’s Rising Debt

Breakdown Of How Nigeria’s Debt Will Rise Over N70 trillion In June

5,000 Entities Owe Buhari Govt N5.2 trillion

Stop Increasing Debt – Nigeria’s Debt Office Says To Buhari

Nigerian Govt Struggles To Borrow, As Foreign Investors Prefer US, Germany, Others

DMO Denies Buhari Seeking Debt Restructuring, As Claim Threatens Foreign Investors’ Confidence

Nigeria’s Debt Office Defends Rising Debt Under Pres. Buhari

Nigerian Gov’t’s Debt Rises By N3.28 trillion In Six Months

DMO DG, Patience Oniha, Tackles FG’s Budget Deficit, Ask NASS To Scrutinise It

4 Reasons Buhari Depends On Loans – Nigeria’s Debt Office

Top Five Nigerian States With Highest Domestic Debt

Every Nigerian Now Owes N200,000 On N41.60 Trillion Foreign Debt, Others

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