Data from the external loans reports obtained from the Debt Management Office has shown that the Federal Government of Nigeria borrowed about $3.27 billion from five countries between June 30, 2015 and September 30, 2022. DMO said that within the Read More
The latest projection by the World Bank has shown that debt servicing will gulp 123.4 per cent of the Federal Government’s revenue in 2023. The projection was made by the new World Bank Lead Economist for Read More
Through Ways and Means Advances, the Federal Government’s total borrowing from the Central Bank of Nigeria has risen from N17.46 trillion in December 2021 to N19.91 trillion in June 2022. According to data from the CBN, Read More
The Federal Government borrowed N4.2 trillion from local investors in the first half of the year , representing 21 per cent, year-on-year. This is an increase from N3.89 trillion borrowed in the first half of 2021 (Read More
Analysis has shown that investment in the FGN Savings Bonds rose by 53 per cent, year-on-year, YoY, to N7.5 trillion in the first half of the year (H1’22), from N4.9 trillion in the corresponding period Read More
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 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
The Debt Management Office has revealed that the federal government of Nigeria has incurred a new N950bn domestic borrowing between January 2022 and March 11, 2022. The fresh borrowing was disclosed by the Director-General of the Read More
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