Govt borrowings not necessarily bad -DMO
The Director-General of the Debt Management Office, Patience Oniha, has said borrowings by countries to finance budget deficits and critical infrastructure is…
Debt Management Office
Lagos, Ogun, Rivers lead as states’ debts hit N6.43tn in 2021
The domestic debts owed by state governments and the Federal Capital Territory Administration rose to N6.43tn at the end of 2021. While…
FG incurs N950bn new domestic borrowing in Q1 2022 – DMO
THE Federal Government has incurred N950bn new domestic borrowing between January 2022 and March 11, 2022, the Debt Management Office has revealed.…
Nigeria’s debt set to peak at N45tn in 2022, says DMO report
The total debt stock of Nigeria is likely to reach N45tn as the Debt Management Office plans to borrow an additional N6.39tn…
Nigeria borrowed N6.64tn, serviced debt with N2.93tn in 2021 -DMO
THE Debt Management Office on Thursday said Nigeria’s total public debt stock increased to N39.56tn in 2021 from N32.92tn in 2020. The…