According to the DMO report, between January and March, 2023, while Nigeria spent N874.13 billion servicing domestic debt, the country also spent $801.36 million (N368.87 billion) servicing external debt, bringing the total amount spent on debt serving in the period to N1.24 trillion.
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In 2020, one of the reputable national newspapers in Nigeria in its editorial comment among other observations noted that Nigeria would be facing another round of fiscal headwinds this year with the mix of $83 billion debt; rising recurrent expenditure; increased cost of debt servicing; sustained fall in revenue; and about $22 billion debt plan waiting for legislative approval.
The Debt Management Office, DMO, has advised the Nigerian government to focus on increasing revenue generation rather than additional borrowing, adding that 73.5 percent of revenue generated this year will be used to service debt.
The Debt Management Office (DMO) has called on residents of Gombe State to take advantage of the FGN Securities to invest and earn regular income.
The Debt Management Office (DMO), has listed four Federal Government of Nigeria (FGN) bonds valued at N360 billion for subscription at N1,000 per unit.
The Debt Management Office (DMO) says Nigeria’s public debt has reached N44.6 trillion in the third quarter of this year…
The Debt Management Office (DMO) offered N100 billion “Ijarah Sukuk’’ bonds for subscription at N1,000 per unit on Monday on…
The Debt Management Office (DMO) has debunked reports by U.S.-based financial, software, data and media company, Bloomberg, that Nigeria is…
The Debt Management Office (DMO) has re-opened three Federal Government of Nigeria (FGN) Bonds valued at N225 billion for subscription,…
The Debt Management Office (DMO) has listed N250 billion Sovereign Sukuk on the Nigerian Exchange (NSE) Limited and the FMDQ…