The Debt Management Office, DMO, says that the Federal Government has made robust budgetary provisions to offset Nigeria’s foreign and local debt. It was gathered that in the 2025 budget of the Federal Government currently before the National Assembly, the administration of President Bola Tinubu plans to spend N16.327 trillion on its debt obligations, apart…
Nigeria’s total debt burden is expected to rise from N121.67 trillion in the first quarter of 2024 to N130 trillion by December this year. Afrinvest, in its latest report titled ‘Bank Recapitalization, Catalyst for $1 Trillion Economy’, said The investment management firm said the estimate comes amid concerns over the country’s debt-to-GDP ratio. POST DAILY…
The Debt Management Office, DMO, said that Nigeria’s total public debt has increased by 24.99 per cent to N121.67 trillion (approximately $91.46 billion) as of March 31, 2024. DMO disclosed this in a statement on Thursday. The figure is a significant increase compared to the N97.34 trillion recorded on December 31, 2023. According to DMO,…
