Tag: Debt Management Office (DMO)

'Nigeria's Public Debt Rises to N121.67 Trillion in 3 Months' - DMO

‘Nigeria’s Public Debt Rises to N121.67 Trillion in 3 Months’ – DMO

Hetty

Nigeria’s total public debt has surged to a staggering ₦121.67 trillion as of March 31, 2024, marking a significant rise of ₦24.33 trillion or 24.99 percent in just three months. This is according to the latest figures released by the Debt Management Office (DMO). This sharp increase from the December 2023 figure of ₦97.34 trillion […]

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'Nigeria's Debt Rose By 121.46% Between December 2015 and 2022

‘Nigeria’s Debt Rose By 121.46% Between December 2015 and 2022’ – World Bank

Hetty

Nigeria’s debt has risen by 12.46% between December 2015 and December 2022 according to data from the external debt stock reports by the Debt Management Office (DMO). Africa’s largest economy is nw owing the World Bank $13.93bn (N6.42tn) up from $7.64bn (N3.52tn The amount represents Nigeria’s borrowing from the World Bank in the last eight […]

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