Ms Patience Oniha, Director-General, Debt Management Office , says the total public debt of Nigeria as at Dec. 31, 2018 is N24.38 trillion.
“Further details provided in the report showed that more progress was made towards achieving the target Debt Stock mix of 60 per cent and 40 per cent . The Federal Government, she said, has an external debt stock of N6.4 trillion and Domestic at N17.11 trillion, culminating in N19.23 trillion, while the states and the FCT have external debt of N1.25 trillion and N3.85 trillion domestic debt, culminating in N5.15 trillion.
“Other objectives are to extend the average tenor of the debt stock in order to reduce refinancing risk and increase external reserves.” The DG said that some of the major plans of the DMO in 2019 were to undertake more of project-tied borrowing and access more external borrowing from concessional sources.“The issuance of the bond will meet the needs of annuity funds and other long term investors while also developing the domestic capital market and reducing the re-financing risk of the Federal Government.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nigeria’s total debt now N24.38tn-DMO - Vanguard News NigeriaMs Patience Oniha, Director-General, Debt Management Office (DMO), says the total public debt of Nigeria as at Dec. 31, 2018 is N24.38 trillion. vanguardngr We are realy heading to the next level of debt,9ja nawa o.. vanguardngr God help us all vanguardngr Next level
Source: vanguardngrnews - 🏆 5. / 75 Read more »
Nigeria's total debt stock grows to 24.3 trillion, says DMOThe Debt Management Office (DMO) has announced Nigeria's total debt stock comprising external and domestic debts stand at N24.387 trillion. Where are we gelding to And they are still borrowing. Our future is in trouble.
Source: TheNationNews - 🏆 6. / 69 Read more »
Breaking: Cop-killer of Kolade Johnson dismissed - The Nation NigeriaDirector-General, Debt Management Office (DMO), Ms Patience Oniha says the total public debt of Nigeria as at Dec. 31, 2018 is N24.38 trillion. He should be killed too !! Is that a sufficient punishment for killing? They should be killed too
Source: TheNationNews - 🏆 6. / 69 Read more »
FG records oversubscription of March bond – Daily TrustThe Federal Government on Wednesday announced that its monthly bond auction for the month of March was oversubscribed by the sum of N84 billion. A statement by the Debt Management Office (DMO) said total subscriptions received from bidders for the three bonds offered including 3, 7 and 10 years was in excess of N240bn, against …
Source: Daily Trust - 🏆 13. / 51 Read more »
Nigeria’s total debt now N24.38tn-DMO - Vanguard News NigeriaMs Patience Oniha, Director-General, Debt Management Office (DMO), says the total public debt of Nigeria as at Dec. 31, 2018 is N24.38 trillion. vanguardngr We are realy heading to the next level of debt,9ja nawa o.. vanguardngr God help us all vanguardngr Next level
Source: vanguardngrnews - 🏆 5. / 75 Read more »