A statement obtained from DMO’s website says that the total public Debt Stock comprised of the debt stock of the Federal Government of Nigeria , 36 State Governments and the Federal Capital Territory , respectively.
The debt stock also includes Promissory Notes in the sum of N940.220 billion issued to settle the inherited arrears of the FGN to state governments, oil marketing companies, exporters and local contractors. The report said that compared to the Total Public Debt Stock of N32.916 trillion as at December 31, 2020, a marginal increase of 0.58 per cent was recorded in the Debt Stock.Further analysis shows that the increase was in the Domestic Debt Stock which grew by 2.11 per cent from N20.21 trillion in December 2020 to N20.637 trillion as at March 31, 2021.
According to the DMO, the FGN’s share of the domestic debt includes FGN bonds, Sukuk and Green Bonds used to finance infrastructure and other capital projects as well as the N940.220 billion Promissory Notes. “External Debt Stock declined from USD33.348 billion as at December 31, 2020, to USD32.86 billion due to the redemption by Nigeria of the 500 million dollars Eurobond in January 2021.”
That’s a way out.
Which way Nigeria
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: GuardianNigeria - 🏆 1. / 94 Read more »
No it will only hurt the economy of those in the South (SW, SE, SS). Wetin dem wan take am do for north? That's why e dey easy for dem to ban am. If na bureau de change or open grazing ban dem ban, that's what they understand as their own economy A lot And our so called government didn’t think twice before baning Twitter in Nigeria 🇳🇬 💔💔 Where are you tweeting from abeg? 🤔 😅
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Source: GuardianNigeria - 🏆 1. / 94 Read more »
The baby is MISS CHIMERIKA ISIENYI, she needs a heart surgery, The hospital is requesting for 4million naira, please help with little you can and retweet, 0621863007 GTB Stanley ikenna Meshach, Father's contact_09136831857 GOD BLESS
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Source: GuardianNigeria - 🏆 1. / 94 Read more »