The Debt Management Office (DMO) has explained that the rise in Nigeria’s public debt stock is partly due to exchange rate volatility, new borrowing, and Ways and Means securitisation. In a statement
Cordros Capital Research has projected the country’s public debt to settle at N134.51 trillion (or 50.9 per cent of GDP) this year.The analysts based the projection on increased borrowings by the Federal
Nigeria spent N2.46 trillion to service N121.67 trillion ($91.46 billion) of public debt in the first quarter of 2024 (Q1 ’24), according to the Debt Management Office (DMO). The DMO revealed that
Debt servicing to gulp 34% of earnings in three years Nigeria’s public debt has risen to N121.67 trillion (approximately $91.46 billion) as of March 31, 2024, just as the Federal Government is making
The Association of Bureaux De Change Operators of Nigeria (ABCON) has advocated reforms that will reduce government spending and also curb the rising national public debt.
The Association of Bureaux De Change Operators of Nigeria (ABCON) has advocated reforms that will reduce government spending and also curb the rising national public debt.