Newly approved N1.1trn loan to raise Nigeria’s public debt to N34trn

DMO: Nigeria’s debt to China’s EXIM Bank hits $3.714bn

Newly approved N1.1trn loan to raise Nigeria’s public debt to N34trn     The total debt stock for Nigeria could rise from N33 trillion to N34 trillion soon as the National Assembly approves another N1.1 trillion external loan request for the federal government. The House of Representatives yesterday approved the external loan of $1.5 billion (about N571.5 billion) and €995 million (about N528.4 billion) for the federal government while the Senate had approved the request last week. The Debt Management Office (DMO) had in March 2021 placed Nigeria’s Public debt…

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Nigeria’s Public debt hits N32.92trn in December- NBS

DMO: Nigeria’s debt to China’s EXIM Bank hits $3.714bn

Public debt hits N32.92trn in December- NBS   The National Bureau of Statistics (NBS) on Monday said States and Federal debt stock stood at N32.92 trillion as at December 2020. Its data titled “Nigerian Domestic and Foreign Debt (Q4 2020)” on its website said while N12.71 trillion was external, representing 38.60 per cent of the total debt stock, N20.21 trillion, representing 61.40 per cent was domestic. NBS said: “Nigerian States and Federal Debt Stock data as of 31st December 2020 reflected that the country’s total public debt portfolio stood at N32.92trillion. “Nigeria’s…

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Nigeria’s public debt hit N32.9trn in Dec – DMO

Nigeria’s public debt

Nigeria’s public debt hit N32.9trn in Dec – DMO   As FG, states, FCTA borrow N700bn in Q4 2020   Nigeria’s total public debt rose to N32.9 trillion at the end of December 2020, the Debt Management Office (DMO) said in a statement on Monday. From its last report on public debt, the figure stood at N32.2 trillion as of the end of September 2020, which showed an increase of N700 billion. The DMO disclosed that the total public debt to the Gross Domestic Product was 21.61 per cent, adding…

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Nigeria’s public debt to hit $37.8bn soon – DMO

Nigeria’s public debt

Nigeria’s public debt to hit $37.8bn soon – DMO Public debt profile in Nigeria is about to soar to $37.8 billion soon as the country plans disbursement of more than $5.83 billion foreign loans that have been approved, the Debt Management Officer (DMO) has said. The DMO on its portal on Sunday listed a number of foreign loans that were to be disbursed as of December 31, 2020. Available record puts the country’s external debt as of September 30, 2020 at $31.99 billion. A table provided by the DMO titled…

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