Nigeria Spends N3.14tn on Domestic Debt in Q1
The Federal Government spent N3.14 trillion on domestic debt service in the first quarter of 2026, with interest payments making up most of the total. The Debt Management Office (DMO)…
Buhari shields FG’s borrowing, expresses obligation for infrastructure
The President, Major General Muhammadu Buhari (retd.), on Saturday, defended his government’s borrowing describing it as a vital step to supply infrastructure that would extend possibilities for the increase of…
Nigeria’s Complete Public Debt Stock Hits N42.84trn, Says DMO
The Debt Management Office (DMO) has uncovered that Nigeria’s absolute open obligation stock, which was N41.60 trillion ($100.07 billion) in Spring, rose to N42.84 trillion ($103.31 billion) by June 30,…
Nigeria’s Total Debt Increases To N26.2tr – DMO
Nigeria’s total debt stock comprising the debts of the Federal Government, 36 states and the Federal Capital Territory (FCT) as at September 2019 now stands at N26.215 trillion Director General…
DMO Director-General Says Nigeria Debts Hits N24.39trn
The Director-General, Debt Management Office (DMO), Ms. Patience Oniha, has disclosed that the total public debt of Nigeria as at December 31, 2018 is N24.38 trillion. The DMO DG, who…
FG Borrowed Over N2tn To Fund 2017 Budget – DMO
Jennifer Akamanu Department of Management Office said that Federal Government borrowed a total of N2.32tn in 2017 to fund deficit in the budget. DMO said this in its 2017…
