Tinubu's Govt Has Incurred N24.33Trillion Debt in Just Three Months - Debt Management Office

Date: 21-06-2024 6:08 am (3 weeks ago) | Author: kacy lee
- at 21-06-2024 06:08 AM (3 weeks ago)
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Debt Management Office Says Nigeria Incurred N24.33trillion Debt In Just Three Months!

According to the revelation made by the Office in a statement issued on Thursday in Abuja, the current public debt figure encompasses both domestic and external debts of the Nigerian government, the 36 state governments, and the Federal Capital Territory (FCT).

The DMO report states, “Nigeria’s total public debt stood at N121.67 trillion (USD91.46 billion) as of March 31, 2024.

“The comparative figure for December 31, 2023, was N97.34 trillion (USD108.23 billion). Total Domestic Debt amounted to N65.65 trillion (USD46.29 billion) while Total External Debt stood at N56.02 trillion (USD42.12 billion).”


Also, on Thursday, it was reported that the government had secured loans totaling $4.95billion from the World Bank over the past 12 months, amid concerns about rising costs associated with servicing external debt.

Meanwhile, the government anticipates the approval of fresh loans amounting to $4.4 billion from both the World Bank and the African Development Bank within the coming year.


Posted: at 21-06-2024 06:08 AM (3 weeks ago) | Addicted Hero
- Dopybadass at 21-06-2024 07:09 AM (3 weeks ago)
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Ok na, them wan borrow more take buy private jet then Nigerians will be the one to suffer the consequences
Posted: at 21-06-2024 07:09 AM (3 weeks ago) | Gistmaniac
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- Kormeijama at 21-06-2024 07:38 AM (3 weeks ago)
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Well  we're still waiting for the useless diarrhea running mouth Reno to talk provided the Yoruba Tinubu connection don't block his way. Tinubu is the most  reckless resident Nigeria has had in the last  decades. All military leader combined are far better off than this crooked crook and his cabal
Posted: at 21-06-2024 07:38 AM (3 weeks ago) | Gistmaniac
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- kp45 at 21-06-2024 07:57 AM (3 weeks ago)
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They should sell the country, criminals.
Posted: at 21-06-2024 07:57 AM (3 weeks ago) | Addicted Hero
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- blowout at 21-06-2024 09:12 AM (3 weeks ago)
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Quote from: kp45 on 21-06-2024 07:57 AM
They should sell the country, criminals.
Country that they have already sold since May 29, 2023
Posted: at 21-06-2024 09:12 AM (3 weeks ago) | Gistmaniac
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- Nomie at 21-06-2024 09:35 AM (3 weeks ago)
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I'm not surprised. It's expected from this useless govt.
It will still increase. They will continue to borrow and will never clear their dept
Posted: at 21-06-2024 09:35 AM (3 weeks ago) | Upcoming
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- gogoman at 21-06-2024 11:46 AM (3 weeks ago)
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 Cool Cool Cool
Posted: at 21-06-2024 11:46 AM (3 weeks ago) | Grande Master
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