The DMO noted that external debt remained the same at N16.61tn from Q1 to Q2 2022, adding that 58 per cent of external debts were concessional and semi-concessional loans from multilateral lenders such as the World Bank, the International Monetary Fund, Afrexim and African Development Bank and bilateral lenders including Germany, China, Japan, India and France.
It also noted that domestic debt rose to N26.23tn due to new borrowings by the government to part-finance the deficit in 2022 Appropriation {Repeal and Enactment) Act, as well as new borrowings by State Governments and the FCT. The DMO further said that the Total Public Debt to GDP as of June 30, 2022, was 23.06 per cent compared to the ratio of 23.27 per cent as of March 36, 2022, adding that the Debt Service-to-Revenue Patio remained high.All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.
Source: Loan Digest (loandigest.net)
They don't know how to do money business
What .... So what did this current leadership have achieve then?... Let forget about anything they say is going on We are in debt nothing can change that... Any change you want for your country come from your first...
The Great Zoo
Zoo
SodiqTade The apc agreed that Tinubu will consolidate on this legacy
Who is going to pay this debt? I just pity the next in coming labour party because APC GOVERNMENT has given the Nigerian economy a bloody nose.
Nigeria will be buried next year, 2023. Fulani hegemony killed Nigeria, while Biafra will bury it come 2023.
You think we don't know that you guys want to sink the economy. Very wicked set of leaders
Make we just de prepare for slavery
When Obi reiterates that Nigeria is failing, youths on Asuu strike, whose brothers graduated with no jobs, and Parents unable to carter for, will come out to debunk him.
Hummn!Why is it hard 4 d FGN 2 increase its IGR amid rising debts?Some of us find it hard 2 situate dis complaint bc if corruption is fully,wholly & decisively tackled headlong within some of d MDAPs,there wld be no need 2 borrow,trust me,but who 'll bell d cat?Let's look inwards
This is the end of APC's reign.
APC are doing “well” more to come if foolishness reigns supreme, fkeyamo the MUGU has promised more suffering especially as his principal source of cash officialABAT considers NIGERIAN VOTERS to be of NO SIGNIFICANCE and not worthy of his communication via media!
They should sell the seized Coke and pay up simple
“…the borrower is slave of the lender”.
Fool-anis have looted you dry. You think say you wise. Mumu one Nigerianists, you've got nothing to lose now for asking for your freedom from the zoological republic of animal kingdom.
You're the worst Nigeria ever had. You're a failure
And some hediots still campaign for APC? May songo kee all of u
Nigeria has no president since 2017 with we have is cabals in the name of presidency
People with this transparent glasses are not to be trusted....
Bobo and babe
And this FG gave Dangote and Honeywell a waiver of 16trn....sincerely I dont understand this.people
Ajuri could explain it away
How much come be Nigeria ?
APC means total failure
How far with Nigeria Air? How far with Ogoni cleanup? How far with Naira-Yuan swap deal? How far with modular refineries? How far with Twitter office in Nigeria? How far with Rice Revolution? Wo, the list of 'How fars' is endless.Nothing de work for this government hand
The debt our unborn generation will not be able to pay. dumebiahmed2023 DK23 freshIDEAS
It will soon be ₦1000 to $1.... How did we arrive here?
These two finished us completely. Playing romance with our federal wealth. Disbursing cash anyhow for irrelevancies. They killed us from 2020 COVID-19.
Evil people! They were crying dwindling foreign reserves just to get Goodluck Jonathan out. God didn't let them enjoy their reign. On May 29, 2023 they should all be incarcerated.
When I see this man's face alongside his side chick ministers I see see incompetence, corruption n embezzlement written all over their faces...
What do u expect when the president is olodo labata
We will appreciate your government in the next six months
Kilode？Where is the production
From bottom to bottomless pit 🤧🤧🤧🤧
They should sell all the luxury cars they all keep in their possession sell them to pay for Nigeria debts! Also all the overseas trip should be cancelled. Money from oil sub should be used.
The country is very much better than how pmb met it. Our economy is stable when compared to other countries.
This government have no economic sense. They have no means of revamping the economy despite the numerous natural resources available
John 10:10 NIV - The thief comes only to steal and kill and destroy. You should not be amazed...that is what APC/BUHARI and FOOL-ANI stand for.
Did you ever hear it in a year that Nigeria was not on debt? So why are telling us
emmaikumeh Buhari met Nigeria's debt at N9.8trillion in 2015. When we talk about election, APC on a normal ground is not even supposed to be in the equation but this is Nigeria where anything goes. Well, you people should Vote wisely. Vote PDP! Vote Atiku!
tweetamine this is your APC achievement, but you were very critical of GEJ administration for this same corruption that you are defending
Mr bubu you have kill nigeria is only almighty God who creat heaven and earth we help us.
Say it loud, he’s close to you there and he will hear you…
Loot repatriated so far? Was it accounted for... Change and next level activated.
Why is she still holding that sensitive role? Why?
AjuriNgelale how far!!!
Keep on borrowing
last last na everyone wey remain 4 this country go dey pay the debt. or make dem kuku sell the country lol
No problem
For me let's allow these two to continue another 8 years a beg so that they will finish what they started ..
A broke country that needs real change asap. And yet these criminals are plotting to steal more. Enough is enough.
And FG waved ₦16tn for Dangote. 🙄🙄🤣
This woman done fat Sha o
Courtesy of the best brains!
Fake news from the enemy camp
President Mbuhari don't mind borrowing More.
How can obi pay back all this money give him 4years for debt 4 you years the reset everything
Nawa ooo
Ajura or whatever they call him should come and defend this one abeg
When we have incompetent hands handling critical sectors of government what do you expect?
Nigeria debt or your debit 🤷🤷🤷🤷🤷
They'll sieve Abuja in no distant time.
The Agbarijo Egbe Odo Yoruba (Grand Council of Yoruba Youths) will, on September 23 in Ibadan unveil All Progressives’ Congress (APC) presidential candidate Asiwaju Bola Tinubu as ‘African Man of the Century’ at this year’s edition of the Yoruba National Day celebration.
Wel Don 🤸
Gbosa 💣 💥
Nigeria and debt
No problem keep borrowing
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