Nigeria didn't hide borrowing plan, fail World Bank disclosure rule - DMO

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The Debt Management Office (DMO) has refuted news about Nigeria regarding the World Bank Disclosure Rule and borrowing loans. The federal agency led by

The Debt Management Office has refuted news about Nigeria regarding the World Bank Disclosure Rule and borrowing loans.The DMO said it was not true that the World Bank blamed Nigeria on the disclosure rule.But the DMO said the country observes the principle of transparency in public debt.

The statement noted that Nigeria’s annual borrowing plans were usually contained in the annual budgets. “The public debt stock is published quarterly on the DMO’s website. This is supported by periodic physical and virtual media briefing sessions”, it reads.

 

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Borrow -loot=failed nation

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