Nigeria’s total debt profile now stands at N24.3 trillion as of December 2018, the Debt Management Office has said.
The Director-General of the DMO, Mrs Patience Oniha, disclosed this at a press conference in Abuja on Thursday.“The debt stock did increase by 12.25 per cent in naira terms. As of December 31 2017, it was at N21.725 trillion; by December 31 2018, it was N24.387 trillion,” the DMO boss saidShe added, “The figure here is total public debt. So, it includes the FG, 36 state governments, and FCT, and it includes both foreign and domestic.
Oniha said the Federal Government’s domestic debt stock include N331.12 billion promissory notes issued to oil marketing companies and state governments in December 2018.
I had a dream in which Nigeria’s Finance minister was not appointed by the IMF. A dream in which Nigeria’s President was not forced to take IMF loans. A dream were over 60% of Nigerian taxes are not used to service debt but invested in Nigeria.I had a dream..