The current gov. didn’t take N14.2bn loan – Zamfara govt. clarifies
April 2, 2024 The Zamfara government on Monday denied taking a N14.2 billion loan as indicated in a report by the Debt Management Office (DMO). A statement issued on Monday…
Nigeria’s public debt now N97trn as at December 2023 – DMO
March 22, 2024 Nigeria’s public debt stock as at Dec. 31, 2023 was N97.341 trillion (108.229 billion dollars), according to data released by the Debt Management Office (DMO) on Friday….
Power Sector: FG committed to settling over N3 trillion inherited debt
Feb. 15, 2024 The Minister of Power, Mr. Adebayo Adelabu, says the Federal Government is committed to settling more than three trillion Naira debt it inherited in the power sector….
FG signs MOU with 12 pharmaceutical companies on drugs security
Oct. 4, 2023 The Federal Government on Wednesday signed a Memorandum of Understanding (MoU) with 12 pharmaceutical companies as part of its efforts to guarantee medicine security. Prof. Mohammed Sambo,…
Nigeria’s public debt tops N49 trillion
The Debt Management Office (DMO) said the total public debt stock of Nigeria as at March was N49.95Â trillion (108.30Â billion dollars). According to a statement obtained from the DMO official…
Budget deficits, low revenue responsible for rising debt – DMO
May 14, 2023 The Debt Management Office (DMO) says decades of operating budget deficits by successive governments is responsible for Nigeria’s high debt profile. The Director-General of the DMO, Patience…
Concessional world bank facilities positive for Nigeria – DMO
April 26, 2023 The Debt Management Office (DMO) says Nigeria’s indebtedness to the World Bank, which grew from 6.29 billion dollars in 2015 to 13.46 billion dollars in 2022 is…
It’s fake news Nigeria never defaulted in China debt repayments -DMO
April 19, 2023 The Debt Management Office (DMO) has debunked a media report that Nigeria defaulted in loans repayments to China. A statement by the DMO in Abuja on Wednesday,…
Subsidy removal is best economic decision to reduce Nigeria’s debt- LCCI
April 18, 2023 The Lagos Chamber of Commerce and Industry (LCCI) says the Federal Government’s planned petrol subsidy removal remains one of the best economic decisions that will reduce Nigeria’s…
Nigeria’s debt stock hits N46trn, as debt-to- GDP remains within limits – DMO
March 30, 2023 …Excludes N22 trillion FG’s indebtedness to CBN Nigeria’s total public debt stock as at Dec. 31, 2022 stands at N46.25 trillion (103.11 billion dollars). This is according…