The federal government spent a total of N609,134,926,039.42 to service domestic debt between January and March 2020, the Debt Management Office , has revealed.
Out of the over N18 trillion domestic debt, the Federal Government of Nigeria alone accounted for N14,534 trillion while the states and the Federal Capital Territory accounted for the balance of N4,106 trillion. The DMO had recently disclosed that as at March 31, 2020, the total borrowing by Nigeria from China was $3.121 billion . This amount, it stated, represents only 3.94 per cent of Nigeria’s total public debt of 28.628 trillion at 361 as at March 31, 2020.
Sirika said: “Yes, we locked down the airports. It wasn’t by choice, it was by force. Since this force majure befell us, our response was to close down the airports. “The approved road map which Mr. President approved which I discussed with this National Assembly even before getting the approval had begun to show good results.“We have moved passenger number from eight to 18 million in five years. We’ve done quite a number of things.
“It is quite challenging for us but of course since it is the act of God, we thank him and we ask him for the strength to come out of this and to once again begin the journey unto greater heights.
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