Tags :Debt
According to the 2023-2025 Medium Term Expenditure Framework & Fiscal Strategy Paper, debt service gulped N6.16trllion in 16 months. In 2021, the Federal Government spent N4.22trllion on debt service, and further N1.94trllion between January Read More
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 Read More
According to the National Bureau of Statistics data on foreign trade, Nigeria’s import from China rose by 183.91 percent from N530.98 billion in the first quarter of 2018 to N1.51tn in Q1 2022. NBS said China Read More
The Debt Management Office said that Nigeria’s total public debt stock increased to N41.60 trillion in the first quarter of 2022 from N39.56 trillion as of December 2021. This shows an increase of N2.04 trillion&Read More
The International Monetary Fund has warned that debt servicing may gulp 100 percent of the Federal Government’s revenue by 2026. The IMF predictions are hinged on if the government fails to implement adequate measures Read More
According to the latest data from the Debt Management Office, the domestic debts owed by state governments and the Federal Capital Territory Administration rose to N6.43tn at the end of 2021. While sub-national domestic debt Read More
Nigeria’s debt to China, France, Japan, India and Germany has risen to $4.26bn as of June 30, 2021 from $3.85bn at the end of 2019. Data obtained from the Debt Management Office showed that the country spent $402.74Read More
The Debt Management Office disclosed that Nigeria’s public debt has risen to N38.005tn as of the end of the third quarter of 2021. In a press statement titled, ‘DMO publishes total public debt for Read More
The Tunisian government has announced new plans to grow the country’s economy in the coming year. Authorities say the country would borrow up to $7 billion from both foreign lenders and domestic sources. Tunisia’s Read More
