Director general, Debt Management Office (DMO), Patience Oniha, has said President Muhammadu Buhari will live behind a total of N77 trillion debt for incoming President. President Buhari’s tenure will end in May 2023. Oniha said this while fielding questions from newsmen at the public presentation and breakdown of the highlights of the 2023 appropriation act […]
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The Debt Management Office (DMO), has released schedule of local borrowings up to about N720 billion by the Federal Government for the second quarter of 2022. However, the schedule is contained in the DMO’s “FGN Bonds Issuance Calendar for the Second Quarter, 2022’’ posted on its website on Tuesday. The calendar shows that, on April […]
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Ms Patience Oniha, Director-General, Debt Management Office (DMO), says the total public debt of Nigeria as at Dec. 31, 2018 is N24.38 trillion. Oniha, who made the disclosure during a news conference on Thursday in Abuja, said that the figure comprised of debt owed by the Federal Government, States and Federal Capital Territory (FCT). She […]
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The Debt Management Office (DMO) has reassured the Nigerians that there is no risk of default on the 500 million US dollars loan expected from China. The department gave the reassurance in a statement on Tuesday in Abuja. DMO’s statement is in reaction to public concern following the announcement at the Forum on China-Africa Cooperation […]
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The Debt Management Office (DMO) says the release of N1.2 trillion for capital projects by the Federal Government in six months is a positive development in the country. The capital projects are contained in the 2017 Appropriation Act. The News Agency of Nigeria (NAN) recalls that the 2017 budget was only finalised in July 2017, […]
Continue ReadingThe Debt Management Office (DMO) has advised the Federal Government not to borrow above 22.08 billion dollars in 2017. DMO gave the recommendation on Tuesday in its 2016 Debt Sustainability Analysis (DSA) report, obtained by the News Agency of Nigeria (NAN) in Lagos. In the report, DMO stated that the end-period on Net Present Value […]
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