DMO raises N1.4 trn in FGN bonds February auction
The Debt Management Office (DMO) said on Tuesday that it raised N1.495 trillion from Federal Government of Nigeria (FGN) bonds at its monthly auction […]
Patience oniha
Nigeria’s Public debt hits N49 trillion
The Debt Management Office (DMO) said the total public debt stock of Nigeria as at March was N49.95 trillion (108.30 billion dollars). According to a statement obtained […]
FGN Securities most rewarding Naira denominated investment – DMO
The Debt Management Office (DMO) has assured Nigerians that Federal Government of Nigeria (FGN) Securities are the most rewarding Naira denominated investment. The Director-General of […]
Securitisation of CBN’s N22.7trn advances to FG will improve transparency – DMO
The Debt Management Office (DMO) says the securitisation of CBN’s N22.7 trillion “Ways and Means Advances’’ to the Federal Government will improve debt transparency. “Ways […]
Prudent expenditure and Nigeria’s quest for debt sustainability
In recent times, the media has been awash with news about the huge debt burden that the incoming government would inherit from the President Muhammadu […]
Debt trap and incoming administrations By JEROME-MARIO UTOMI
It is no longer news that some of the first-term governors-elect will face many months of unpaid workers’ salaries and mounting pension liabilities, as well […]
2023 budget of transition and N77 trillion debt burden
In the past few days the media has been awash with news about the huge debt burden that the incoming government in May 29, would […]
Alarm over N77 trillion national debts unnecessary – DMO
The Debt Management Office (DMO) says the alarm created around the country’s projected public debt by a segment of the media was unnecessary. The Director-General, […]
Improved revenue, prioritising expenditure will reduce govt borrowings – DMO
The Debt Management Office (DMO) says government can reduce its dependence on borrowings to finance budget deficits by improving its revenue drive and prioritising expenditure. […]
Improving revenue generation to checkmate Nigeria’s rising debt
Nigeria’s unending resort to local and foreign borrowings to fund budget deficits and infrastructural projects has been of concern to the Nigerian public in recent […]
Govt borrowings not necessarily bad, says DMO
The Debt Management Office (DMO), says borrowings by countries to finance budget deficits and critical infrastructure is not necessarily bad. The Director-General of DMO, Patience […]
Nigeria emerges first in Africa to access ICM, raises $1.25bn Eurobonds
Nigeria has officially raised 1.25 Billion dollars through the issuance of a seven-year Eurobonds in the International Capital Market (ICM). The Director-General of the Debt […]
Nigeria has not and will not mortgage national asset for Chinese loans — DMO
The Debt Management Office (DMO) has clarified that loans from China to Nigeria, which presently stood at 3.59 billion dollars, constitutes only 9.4 per cent […]