Nigeria’s Total Public Debt Rises To N49.8trillion – Debt Management Office | Sahara Reporters

The Debt Management Office has disclosed that Nigeria’s total public debt has risen to $108.3bn .

In a statement on Friday night, the DMO stated that the figure which includes money owed by the federal and state governments does not include the federal government’s N22.7trillion Ways and Means Advances of the Central Bank of Nigeria . The statement read: “As at March 31, 2023, the Total Public Debt Stock comprising the external and domestic debts of the Federal Government of Nigeria , the thirty-six States, and the Federal Capital Territory was N49.85tr .

“Comparatively, the Total Public Debt Stock for the preceding period, December 31, 2022, stood at N46.2tr . During the period, there were increases in the debt stock of the FGN, States, and the FCT.” “The Public Debt Stock for March 2023 does not include the FGN’s N22.719 Trillion Ways and Means Advances of the Central Bank of Nigeria whose securitization was approved by the National Assembly in May 2023. The amount will be included in the FGN’s Domestic Debt Stock from June 2023.”SaharaReporters.com is an outstanding, groundbreaking news website that encourages citizen journalists to report ongoing corruption and government malfeasance in Africa.

Source: Loan Digest (loandigest.net)

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.

Nigeria's total debt rises to N49.85 trillionDMO revealed this in a statement released and shared on its Twitter handle on Friday evening.
Source: MobilePunch - 🏆 8. / 63 Read more »

Nigeria’s Debt Now N49.8trn – DMOThe Debt Management Office (DMO) has said Nigeria’s total public debt has risen to $108.3bn (N49.8trn).
Source: LeadershipNGA - 🏆 4. / 77 Read more »

Unlocking sustainable futures: Why debt solutions, climate action should be priority at Macron summit | TheCableOPINION BY CHUKWUMERIJE OKEREKE: Why debt solutions, climate action should be priority at Macron summit | TheCable
Source: thecableng - 🏆 2. / 80 Read more »

Tinubu Joins World Leaders In France To Tackle Poverty, Debt BurdenPresident Bola Ahmed Tinubu Thursday in Paris-France joined world leaders on the consensus for redesigning the global financial architecture, which will
Source: LeadershipNGA - 🏆 4. / 77 Read more »

Paris Summit: Tinubu, World Leaders Plan Onslaught Against Poverty, DebtPresident Bola Ahmed Tinubu yesterday in Paris, France, joined world leaders in reaching a consensus to redesign the global financial architecture in a way
Source: LeadershipNGA - 🏆 4. / 77 Read more »

IBEDC To Recover N50bn Debt From Kwara Electricity ConsumersLEADERSHIP Friday recalls that the management of IBEDC had last month alerted electricity consumers within its franchise area to expect an imminent black out
Source: LeadershipNGA - 🏆 4. / 77 Read more »