Nigeria’s Public debt hits N49 trillion | The Guardian Nigeria News - Nigeria and World News

According to a statement obtained from the DMO official website on Sunday, the total debt stock comprises the external and domestic debts of the Federal Government, the 36 states and the Federal Capital Territory .

According to the DMO, the Ways and Means will be included in the debt stock of the Federal Government from June. According to the DMO, it is an annual exercise anchored by it, with the participation of key Federal Government agencies. According to Patience Oniha, Director-General of the DMO, the recent DSA reports highlighted the need for more revenues to keep the public debt sustainable.

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Nigeria's total debt rises to N49.85 trillionDMO revealed this in a statement released and shared on its Twitter handle on Friday evening.
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Nigeria’s Total Public Debt Rises To N49.8trillion – Debt Management Office | Sahara ReportersThe Debt Management Office (DMO) has disclosed that Nigeria’s total public debt has risen to $108.3bn (N49.8trillion). In a statement on Friday night, the DMO stated that the figure which includes money owed by the federal and state governments does not include the federal government’s N22.7trillion Ways and Means Advances of the Central Bank of Nigeria (CBN).
Source: SaharaReporters - 🏆 9. / 63 Read more »