Tag: Debt
Nigeria reducing debt service cost by accessing World Bank loans, says DMO
The Debt Management Office has said Nigeria is actively reducing debt service cost by accessing World Bank loans. The office took this ...DMO speaks on Nigeria’s rising debt stock
The Debt Management Office has said Nigeria’s debt stock is increasing due to a combination of several factors, including borrowings and the ...Nigeria’s public debt hit N46 trillion in Q4 2022, up by N6trillion from 2021, says ...
Nigeria’s public debt hit N46 trillion in Q4 2022, up by N6trillion from 2021, says DMO The Debt Management Office has said ...Court blocks Oyo govt’s accounts in four banks over ‘N3.4bn debt’
Justice A. O Ebong of the Federal Capital Territory High Court, Abuja, has ordered a temporary block of funds in four banks ...Nigeria is not broke, we’ve not defaulted in debt repayment – Finance Minister
Minister of finance, budget and national planning, Zainab Ahmed, has said Nigeria is not broke. The minister spoke on Thursday at the ...Prioritise revenue generation not increasing borrowings, DMO tells FG
The Debt Management Office has said there is an urgent need for the federal government to moderate the rising trend of borrowings ...External debt rises to $40 billion under Buhari
Nigeria’s total external debt has risen from $10.32 billion on June 30, 2015, to $40.06 billion as of June 30, 2022. This, ...Buhari’s administration borrows N31 trillion, to leave N39.12 trillion debt for successor
The National Assembly has approved or at least received budget estimates worth N93.453tn from President Muhammadu Buhari in eight years. According to ...N13.17 trillion debts incurred under Buhari justifiable – Fashola
The Minister of Works and Housing, Babatunde Fashola, has said the Buhari administration has justified all its debts by constructing various infrastructures ...Debt servicing gulps N13.17 trillion under Buhari, education suffers
The administration of President Muhammadu Buhari has spent nothing less than N13.17 trillion between 2016 and March 2022 to service debt. According ...












