Tags : Debt portfolio

Nigeria Accumulates $1.3bn Debt In One Year

According to the World Bank Fiscal Year 2022 audited financial statements, Nigeria was rated fourth on the  International Development Association borrowers’ list with $13bn IDA debt stock as of June 30, 2022. The country moved up from fifth position on the list with $11.7bn IDA debt stock as of June 30, 2021. This implies that […]Read More

Nigeria Spends N896.7bn On Debt Servicing In Q1’22

The Debt Management Office has said that Nigeria spent N896.7 billion on domestic and foreign debt servicing in the first quarter of 2022, Q1’22. This represents a 12 per cent year-on-year (YoY) decline from N1.02 trillion spent in the corresponding period of 2021. In its External and Domestic Debt Service Payment Reports for Q1’22, the […]Read More

Nigeria’s Debt To Peak At N45tn In 2022

The Debt Management Office of Nigeria has predicted that the total debt stock of the country is likely to reach N45 trillion as the agency plans to borrow an additional N6.39tn to finance the 2022 budget deficit. According to a document, the Director-General, DMO, Patience Oniha, explained that the overall deficit in the 2022 budget […]Read More

15 States’ Debts Jump To N1.68tn

  The cumulative domestic debts of 15 states rose by 153.82 percent between December 31, 2015, and March 31, 2021. This is according to an analysis of data obtained from the Debt Management Office. Each of the states under review recorded at least a 100 percent jump in less than the six years under review […]Read More

Nigeria Debt Hit N32.9 Trillion

Nigeria’s total  public debt portfolio as at December 31, 2020, stood at N32.92 trillion. The National Bureau of Statistics, revealed this in its Nigerian Domestic and Foreign Debt report for Quarter Four, 2020. According to the bureau, Nigeria’s total public debt showed that N12.71 trillion or 38.60 per cent of the debt was external, while […]Read More