DMO backs FG as Nigeria’s debt rises to N46.25trn in 2022
The Debt Management Office, DMO, on Thursday said the nation’s public debt rose by N6.69 trillion or 22.47 per cent ...
Tag: Nigeria’s debt
FG wants more taxes to reduce Nigeria’s debt burden – Minister
Mrs Zainab Ahmed, Minister of Finance, Budget and National Planning, on Tuesday, said only the collection of more taxes and ...
Amid growing debt, DMO advises FG to cut waste to reduce borrowing
The Debt Management Office (DMO) has advised the federal government to reduce its dependence on borrowings to finance budget deficits ...
Nigeria among top four on World Bank debtors’ list
Rising debt has pushed Nigeria up the World Bank’s top 10 International Development Association borrowers’ list. The World Bank Fiscal ...
How Nigeria’s govt generated N1.6trn, but spent N4.7 trn in Q1 2022
Nigeria's federal government deficit spending rose rapidly to N3.09 trillion in the first quarter of 2022, according to the 2022 ...
Debt crisis: Nigeria is broke, Finance minister laments
Nigeria’s fiscal position worsened in the first four months of the year as the cost of repaying debt surpassed the ...
DMO report indicates Nigeria’s debt will hit N45tn in 2022
Nigeria's total debt stock is likely to reach N45 trillion as the Debt Management Office (DMO) plans to borrow an ...
Nigerian govt admits pressure over rising foreign debts
Nigeria's federal government has admitted being pressured by agitations against rising foreign debts and the push to ensure prudent utilisation ...
Nigeria’s public debt hits N38 trillion
The Debt Management Office (DMO) says Nigeria’s total public debt hit N38.005 trillion at the end of the third quarter ...